Punch Taverns freezes wages for all but hourly-paid staff
Punch Taverns, the UK's largest pub operator, has implemented a pay freeze for all employees apart from hourly-paid frontline staff.
The move comes as part of a wide-ranging review of costs at the company that has already seen the announcement of 100 head office job cuts and the planned departure of three senior directors.
In a statement, Punch said: "As part of our overhead cost review, we have taken the decision not to review salaries this year for all head office and salaried pub teams (including our group management board, our Exec and our senior teams).
"Our priority is to ensure that we keep our cost base to a minimum and that we invest our time and resources in actively supporting our licensees and driving sales in our managed pub estate."
However, to ensure that staff are rewarded for their hard work, Punch added that it would be "making some adjustments to our bonus schemes where we feel this is necessary".
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By Daniel Thomas
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