Would you take a 50% pay cut?

[DimPrawn]

BBC News - Caparo Merchant Bar steel workers to take 50% pay cut

[northernladuk]

It would be insteresting to know how many of these firms that impose massive cuts and enforced holidays actually ever made it back in to the black.

You would think a British steel firm is on a wish an a prayer anyway so this is its final swan song.

[DimPrawn]

I'd struggle on £400 a day if I did....I suppose one of the Porsches could go, cut out a skiiing holiday, only eat out at Michelin starred restaurants twice a week.....It's doable at a push.

[Mich the Tester]

It would be insteresting to know how many of these firms that impose massive cuts and enforced holidays actually ever made it back in to the black.

You would think a British steel firm is on a wish an a prayer anyway so this is its final swan song.

I suppose if you trust that your employer won't renege on his side of the agreement it's do-able. Quite possible if it's a family business or privately owned with strong local ties, but I wouldn't trust a PLC with an agreement like that.

[vetran]

yeah plenty of these large firms do it, we are losing mountains of money please take a pay cut and you find they are making loads of money in a nice little tax haven.

A year later they sack all the staff and start up in Bogata.

[MarillionFan]

I'd struggle on £400 a day if I did....I suppose one of the Porsches could go, cut out a skiiing holiday, only eat out at Michelin starred restaurants twice a week.....It's doable at a push.

Feck me. It's Dimprawn!

[AtW]

No NI for manufacturing jobs could have helped.

[Mich the Tester]

No NI for manufacturing jobs could have helped.

Wot?

[AtW]

Wot?

National Insurance.

[MrMark]

A lot of us take 100% cuts when we're benched