KAP Industrial cuts salaries due to Covid-19
Employees that are not covered by bargaining councils will receive a 20% pay reduction
22 April 2020 - 14:00
KAP Industrial, which has automotive, chemicals and logistics businesses, has cut the salaries of some of its employees by 20% for three months to shore up finances during the Covid-19 pandemic.
The cuts will affect employees not covered by collective bargaining agreements. They will also not receive an annual inflation increase for the period between the end of July 2020 and the end of June 2021...
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