Last year we were given the choice;
Take a 3½% pay cut and no wage rise or face possible redundancies.
In effect about 5½% cut.
We asked if we took the cut would it guarantee no redundancies.
Answer, "No. But it will give us time to assess the business needs and form a strategy for the future. Also if you agree you will be expected to sign a new contract to the effect that you are now employed under different terms to your original contract. Those not agreeing to sign by the due date will be deemed to have self terminated their contract and will no longer be employed by this company. This will also mean they will have no recourse to claim for unfair dismissal as it is self terminated. If the new strategy is successful over a continuous 9 month period we will review discussing re-instating the 3½%."
Personally I could see no choice, take the cut and keep working while looking elsewhere, if you found something ask if they would take voluntary redundancies. 2 wanted an immediate strike. Yeah right, we do not have any union involment, only 1 guy was in the union, the 2 who called for it suddenly went on the sick, 1 with back problems and the other with stress due to having to take a pay cut.
As it is, the new strategy seems to be working, there has been a bit of shuffling higher up and we have been hitting targets consistently and we've all kept our jobs.
Just hope we get our 3½% back and a decent rise this year.