Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

[News] Lisney requests a 10% pay cut

  • 21-06-2008 11:52am
    #1
    Moderators, Recreation & Hobbies Moderators, Sports Moderators Posts: 15,788 Mod ✭✭✭✭


    The managing director of the estate agent Lisney has confirmed that staff have been asked to take a 10% pay cut.

    Peter Stapleton said that with the downturn in the property market it was obvious that firms were having issues with overheads.

    He said that he had spoken to the company's 150 staff directly, and that the pay cut would apply to all of the employees 'from top to bottom' without exception.

    The President of the Institute of Professional Auctioneers and Valuers, Alan Redmond, has said that estate agents have been cutting costs by letting staff go for the past six months as a result of the slump in the property market.

    Mr Redmond said that Lisney's decision to ask its 150 staff to take a 10% pay cut was not the first instance of such belt-tightening in the industry, and warned that it would not be the last.

    He added that the property market remains quite depressed, and that properties were selling at a much slower rate.

    He said that the banks curtailing lending had been a major factor in the slowdown.

    http://www.rte.ie/business/2008/0620/lisney.html


Comments

  • Registered Users, Registered Users 2 Posts: 5,563 ✭✭✭connundrum


    Double post.

    As an add end, would the pay cut include the property management side of the business? I don't know if Lisney only employ 170 peeps, or if there are 170 estate agent staff?


  • Registered Users, Registered Users 2 Posts: 1,274 ✭✭✭Orlee


    It affects everyone and every department in the company and it's 170 employeesin total


Advertisement