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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