Poultry firm negotiates pay cut with staff
A Norfolk poultry producer has negotiated a temporary pay-cut with its 600 staff in order to see it through financial difficulties.
A statement from Banham Poultry said that it was exploring all possibilities to improve efficiencies within the business against a backdrop of a very competitive poultry market, which was largely controlled by the supermarkets’ desire to reduce costs and prices to consumers.
It said: “Given such a difficult economic climate, and in order to secure jobs and group viability going forward, after various meetings with our employee representatives throughout an extremely constructive consultation period, it was agreed to make temporary changes to staff benefits and packages.”
“One of these changes did include a reduction in pay for some staff, and the directors are extremely grateful and indebted to our loyal staff, who are pulling in the same direction with us to try and help the financial difficulties faced by the group at this time.”
The company, which includes hatchery, rearing and broiler farms, supplies chicken to major supermarkets, retail stores and wholesalers throughout the UK. More than 40 farms provide around 600.000 birds per week to the main processing site.