Grant Thornton in UK Gives Staff Offer: 40% Pay Cut or Voluntary Sabbatical

One of Britain’s largest accounting firms is combatting the financial effects of the coronavirus pandemic by “inviting” thousands of staff to agree to a 40% pay cut or a sabbatical, The Financial Times reported.

Grant Thornton said that the move would help it to support staff and clients while navigating “clearly exceptional times,” the newspaper reported.

The firm encouraged staff to consider the pay cut, with a similar reduction in hours, until the end of May, or a sabbatical until June while being paid 30% of their standard compensation.

The firm employs about 4,500 people in the UK.

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