Banking
Language: English Series: Contract Journal ; 366(5907) 14 January 1993, 1 | Construction News ; (6297) 14 January 1993, 2 | Financial Times ; 16 January 1993, 5(3)Publication details: 1993Subject(s): Summary: Banks and lending institutions are telling construction companies to cut back on staff pay, if they want loan facilities to be maintained. The move comes in the wake of Costain staff being forced to take a 5% pay cut after National Westminster demanded a further £11m be removed from overheads. Builders are launching a campaign to persuade banks and building societies not to drive more firms out of business as the industry starts to come out of the recession.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2902-03 (Browse shelf(Opens below)) | 1 | Available | 25356-1001 |
Banks and lending institutions are telling construction companies to cut back on staff pay, if they want loan facilities to be maintained. The move comes in the wake of Costain staff being forced to take a 5% pay cut after National Westminster demanded a further £11m be removed from overheads. Builders are launching a campaign to persuade banks and building societies not to drive more firms out of business as the industry starts to come out of the recession.