Taylor Wimpey executives cancel bonuses, take pay cut
Executives at house builder Taylor Wimpey agreed to cancel bonuses and take a 30% base salary cut for the duration of the coronavirus lockdown.
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The company said it would review the decision if the lockdown continued beyond June 30, adding that it had made the changes “to conserve cash, with a particular focus on protecting the long term financial security of the business as a whole, for the benefit of all of the company's stakeholders”.