AUSTRALIA: AWB asks senior execs to take voluntary pay cut
The Australian Wheat Board has asked its senior executives to take a 10% pay cut as part of a plan to cut costs due to the impact of the Australian drought. Managing Director Andrew Lindberg has reportedly asked more than 50 staff earning more than A$100,000 (US$56,500) annually to take a voluntary pay cut next year. The company also plans to stop staff bonuses and temporarily stop hiring any more employees.
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