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17-03-09, 02:17 PM | #1 |
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Salary cuts
Oh wise boys and girls...
I have a meeting tonight where i am pretty sure the boss man is going to say that unless things improve dramatically quickly he is going to enforce salary reductions. Where do i/we stand legally? Does he have to give a certain amount of notice? does it have to be for a specific period of time or can it be ongoing until he decides otherwise? |
17-03-09, 02:18 PM | #2 |
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Re: Salary cuts
No idea - but can you bargain for stock options or something to make the pill easier to swallow?
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17-03-09, 02:19 PM | #3 |
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Re: Salary cuts
my understanding is that both parties have to agree to the change in contract rather than it be enforced. Not 100% on that though.
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17-03-09, 02:21 PM | #4 |
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Re: Salary cuts
They'll probably say it's wage cuts or redundancies!
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17-03-09, 02:33 PM | #5 |
Vipers Pillion Bitch
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Re: Salary cuts
We've had both.
At our place we had to agree to and sign a new contract.
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17-03-09, 02:33 PM | #6 | |
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Re: Salary cuts
Quote:
Hope it goes OK Keith. |
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17-03-09, 02:34 PM | #7 |
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Re: Salary cuts
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17-03-09, 02:38 PM | #8 |
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Re: Salary cuts
Not really. If they take the statutory minimum of redundancy which they can, and thats something like £330 per year of service! Sorry, you probably didnt want to know that!
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17-03-09, 03:03 PM | #9 | |
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Re: Salary cuts
Quote:
That said, I hope it all works out well |
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17-03-09, 03:04 PM | #10 |
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Re: Salary cuts
no, i didnt but its handy to know! wouldnt want to get aggresive in the meeting and say go on then big pants, make me reduntant...
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