Richard Fox, Partner in our Employment Law team, was quoted in HR Magazine on 30 June 2020. Richard was commenting on the looming threat of pay-cuts and reduced working hours caused by the COVID-19 pandemic.
To keep redundancies to a minimum, one way for employers who wish to keep their existing complement of staff will be to ask them to take less pay or work less hours (which, in truth, can sometimes be a bit of a “fiction” depending upon actual workloads). Many law firms, for example, are reportedly following that path."
Businesses that have seen a dramatic change in demand for their products and services are also looking to adjust staff levels.
For that reason, we are seeing an uptick in enquiries from our clients wanting to convert furlough situations into redundancy programmes. We expect that trend to continue I am afraid."
It is unfortunately going to be a really difficult time ahead in the City and elsewhere whilst these processes work themselves through."
About the author
Richard acts for corporates, organisations and senior individuals in relation to employment matters of all kinds. These include confidentiality and restrictive covenants, executive pay, bonus and severance arrangements, unfair dismissal, discrimination, whistleblowing and redundancy programmes. He is frequently asked to advise in situations involving allegations of sexual misconduct in the workplace following the rise of the #MeToo movement, and the cases that have followed.
Richard is a well known commentator on employment law issues, appearing often in the Press (The Times, The Financial Times, People Management, HR Magazine, Personnel Today etc) and on TV/ Radio (BBC, ITV, Sky and Radio 4).