Almost 1 in 3 companies has reduced pay during the pandemic
Almost 30% of companies have temporarily cut the pay of their staff since the outbreak of the Covid-19 emergency.
That's according to a new survey from hiring specialists Osbourne Recruitment.
The survey also found that 33% of respondents were continuing to hire, compared to an estimated 75% in more normal times.
These companies were mostly in the medical and pharma sectors.
Osbourne chief executive Shona McManus says 60% said they expected further pay cuts down the line.
"In terms of payouts 26% of companies had implemented payouts on a temporary basis, and a further 5% have said that they payouts are on a permanent basis.
"A further 60% said they expected there would be further payouts as well."
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