European steel company Corus has decided to pay half salary to about 1,000 of its employees at four UK plants to save costs.
About 500 employees each at the company's Llanwern and Corby plants and a small number at two further facilities would be paid 50 per cent of their basic salaries while staying at home as part of the company's cost saving programme .
"When we go through the relative period of inactivity, we can invoke such an agreement we have with the union, by way of which we can have some of the workforce not coming to work while being paid 50 per cent of their basic salary," Corus Spokesperson Bob Jones said.
The company employs about 25,000 people in UK, out of a global workforce of 41,000.
Source: Economic Times
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