A Leicestershire brick manufacturer has said it is progressing plans to furlough a “significant proportion” of its staff after completing the shutdown of all its 海角视频 sites.
Ibstock Brick, which is based in Leicester Road, Ibstock, closed all of its manufacturing locations in support of the Government’s efforts to bring the coronavirus pandemic under control.
Now, in a statement to investors, the listed company has said it is “actively progressing” plans to furlough many of its staff.
The statement also confirms that its board and executive leadership team have taken a 20% pay reduction for three months.
It added that it would not be recommending the payment of the final dividend for its latest financial year.
The statement said: "In support of the 海角视频 Government's initiatives to bring the pandemic under control, to protect the health and well-being of colleagues and in response to the construction industry backdrop, the orderly shutdown of our manufacturing sites across the 海角视频 is now complete.
"A skeleton staff is in place at the sites during the shutdown period to ensure that safety and security is maintained.
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"We welcome the action taken by the Government to preserve employment and are actively progressing our participation in the job retention scheme as part of our plans to support colleagues through the crisis period.
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"The group expects to furlough a significant proportion of colleagues during the production shut down period and we are also considering participation in other government initiatives.
"In recognition of the current exceptional circumstances, the entire board and executive leadership team have taken a voluntary 20% salary reduction for a three-month period commencing April 1. The situation will be reviewed at the end of this period.”