Taylor Wessing has asked its staff to accept a number of measures aimed at avoiding widespread job cuts at the firm, including unpaid holiday, sabbaticals, voluntary redundancies and a pay freeze. In a bid to reduce the need for large-scale layoffs, the firm is proposing to sell staff two weeks' unpaid holiday, which would equate to a 3.85% salary cut.The firm is also offering sabbaticals and voluntary redundancies to all staff - excluding partners - and will transfer lawyers to busier areas within the firm.
April 21, 2009 at 10:40 AM
1 minute read
The original version of this story was published on Legalweek
Taylor Wessing has asked its staff to accept a number of measures aimed at avoiding widespread job cuts at the firm, including unpaid holiday, sabbaticals, voluntary redundancies and a pay freeze.
In a bid to reduce the need for large-scale layoffs, the firm is proposing to sell staff two weeks’ unpaid holiday, which would equate to a 3.85% salary cut.
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