Taylor Wimpey executives cancel bonuses, take pay cut

By Frank Prenesti

Date: Wednesday 01 Apr 2020

(Sharecast News) - Executives at house builder Taylor Wimpey agreed to cancel bonuses and take a 30% base salary cut for the duration of the coronavirus lockdown.
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".

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