Articles about Pay Cut

money notes lifted up

ZTE execs halve pay until profits return

Executives at Chinese telecoms kit maker ZTE have agreed to take a whopping 50 per cent pay cut until the beleaguered firm claws its way back into the black. The Shenzhen-based tech giant, which is the world’s fifth largest smartphone maker by shipments, earlier this week predicted a 260 per cent, or 1.75bn yuan (£174m), drop …
Phil Muncaster, 18 Oct 2012
channel

Dixons Retail boss pockets £1m in face of consumer meltdown

Dixons Retail chief exec John Browett trousered over £1m in rewards during the most recent financial year, despite the group posting steep losses as it struggled to cope with the consumer meltdown. Browett, who joined Dixons from Tesco in 2007, is masterminding a major cost-cutting drive to turn the losses into profits by …
Paul Kunert, 18 Jul 2011
The Register breaking news

Pay cut consultations could trigger redundancy payments

Companies which follow computer maker Hewlett-Packard's lead and attempt to cut staff wages risk triggering redundancy law payouts if they do not consult staff properly, an employment lawyer has warned. Hewlett-Packard is seeking to cut the pay of its 300,000 staff by between 2.5% and 15%, depending on the level of job they …
OUT-LAW.COM, 24 Feb 2009

Create a news alert about Pay Cut, or find more stories about Pay Cut.

Biting the hand that feeds IT © 1998–2017