Construction organisation Laing O'Rourke will return all of its employees to full pay and full working hours, after introducing cost reducing measures during the Covid-19 (Coronavirus) pandemic.
The salaries and hours of 8,000 employees were cut by 20%, while senior management and board directors received a 30% reduction in pay and hours in April 2020. In addition, 1,000 employees were also furloughed at this time.
Due to the organisation's current financial stability, all furloughed staff will return to work in July 2020, while employees affected by pay reductions will resume their contracted hours and receive full pay from 1 August 2020.
A spokesperson at Laing O'Rouke, said: “With the business on track to return to full productivity in July [2020], I am delighted to confirm we will return our people to full pay from 1 August [2020]. We took difficult decisions in March [2020] as we sought to build the business’ resilience and prepare for the worst-case scenario of all projects and revenue streams shutting down and new work being delayed or cancelled. This has not materialised, partly because of the strong support the sector has received from the government, but also because of the fantastic response of our people to the crisis.
"Our project teams have maintained high levels of activity during the crisis and our leaders have maximised cash flow and supplier engagement. Their skill, dedication and selfless contribution has impressed me daily, and I thank them for their continued support as we accelerate our recovery.”
