Bellway board take 20% pay cut and give to charities

Newcastle-based house building giant Bellway said on Wednesday its directors have agreed to a voluntary, temporary 20% reduction in basic salary and fees effective from April 1 until May 31, 2020, which will be donated to various charities.

“Bellway p.l.c. announces that, in light of the Covid-19 crisis and its extraordinary impact on the business and the wider economy, the board of directors have agreed to a voluntary, temporary 20% reduction in basic salary and fees effective from 1st April until 31st May 2020, which will be donated to various charities.

“The company will match-fund the donations with a contribution to its national charity partner, Cancer Research UK whose important work and fundraising capacity has been adversely impacted by the Covid-19 pandemic.”

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