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Just had a 5K wage cut:(
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mrknuckles
Posts: 10 Forumite
U know the drill, they cant force you to take but some how they do.
I was 27K now on 22K ...
Half glad i have a job, half depressed..
how much is that cut its silly money.
I was 27K now on 22K ...
Half glad i have a job, half depressed..
how much is that cut its silly money.
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What was the justification for the 20%+ pay cut, other than the economic downturn? Is everyone else in your company taking a similar percentage pay cut?"You were only supposed to blow the bl**dy doors off!!"0
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Yeh basically most of the directors have taken large pay cuts. Some up to 50%, some are working without a salary. Other people have taken similar cuts.
Obvously the economic down turn being the main excuse.
A load of people who work on the same areas have been made redundant.0 -
in a lot of ways im lucky to be staying, plus with the current job market. that wage probally reflects what I would earn better. Still gutted though.0
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Hi they do have to go through a consultation process rather than just change your pay.... Did they do that?
It may be worth posting on the DFW board if you are struggling to manage within your new budget as they may be able to offer some suggestions on where you can cut back... or make savings. consider the make £10 a day challenge on the DFW board for ideas on how to increase your income!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £3K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.6K updated 6/7/250 -
What is the DFW board? Dallas Fort Worth???? Sorry if I am being dense.0
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mike.mccusker wrote: »What is the DFW board?
Debt-Free Wannabees0 -
Would you rather be on 22k or 0k??
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Would you rather be on 22k or 0k??
Exactly, at the end of the day im working. They positioned it like, Everyone else has had reduction. To go on as company we need to cut costs is there anyway u think u could help us like that.0 -
mrknuckles wrote: »Exactly, at the end of the day im working. They positioned it like, Everyone else has had reduction. To go on as company we need to cut costs is there anyway u think u could help us like that.
Anything to stop you saying no?0 -
We've cut our hours to help keep going - off topic it's gut wrenching to see on the news tonight that MPs have had a small INCREASE in their wages........0
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