Laing O’Rourke reverses salary reductions
Laing O’Rourke has announced plans to return its staff to full pay and benefits from 1 August, following temporary cuts of between 20-30% earlier this year due to the coronavirus pandemic.
The news came in an internal staff webinar held yesterday.
Chief executive Ray O’Rourke said: “With the business on track to return to full productivity in July, I am delighted to confirm we will return our people to full pay and benefits from 1 August. We took difficult decisions in March as we sought to build the business’ resilience and prepare for the worst case scenario. This has not materialised, partly because of the strong support the sector has received from 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.”
The contractor also has plans to bring back the remainder of its staff from furlough during July as projects return to productivity, according to a Laing O’Rourke spokesperson.