Leading contractor to furlough a third of its workforce.
Multi-faceted contractor Keltbray is to furlough around a third of its workforce as part of a “resilience programme to protect the long term future of the business and safeguard the jobs of its directly-employed workforce.”
Temporary salary reductions will also affect all staff at senior and middle-management levels within the Group’s specialist contracting services (SCS) division and support functions.
The short-term pay cuts for at least the next two months will affect staff earning over £50k base salary per annum. All employees earning less than £50k per annum will not be affected.
Keltbray is also implementing a ‘reduced hours’ scheme for those employees who remain essential to the business at this time, but have experienced a corresponding reduction in workload due to the pausing of work on many sites, particularly in and around London.
The company has issued a full statement here.