pay cut


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Noun1.pay cut - the act of reducing a salarypay cut - the act of reducing a salary  
cut - the act of reducing the amount or number; "the mayor proposed extensive cuts in the city budget"
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References in periodicals archive ?
Global Banking News-November 16, 2018--National Australia Bank chief takes pay cut following royal commission findings
BANKING AND CREDIT NEWS-November 16, 2018--National Australia Bank chief takes pay cut following royal commission findings
M2 EQUITYBITES-November 16, 2018--National Australia Bank chief takes pay cut following royal commission findings
In 2011 as he took a second pay cut in two years Norton said: "Will I take a pay cut?
By FRED MUKINDATens of junior police officers whose salaries were drastically reduced last month have a reason to smile after new payslips showed the pay cut was rescinded.
The 28-year-old added: "In my career I've needed male costars to take a pay cut so I may have parity with them.
Hyundai Motor Group said about 1,000 of its executives will take a 10 percent pay cut, the first such move in seven years at South Korea's second-largest conglomerate that shows the harsh impact of market share woes and labour strife at its flagship firm.
The prospective of a pay cut for everyone rather than the ax of layoffs might seem like an appealing prospect and a good choice to some.
The top executives of three New Hampshire-based companies were paid a total of more than $35 million in compensation in 2014, and that--on average--is a bit of a pay cut.
That said, he now has egg on his face for claiming the council's Independent Remuneration Panel 'did not fully understand the role of a district chairman' when the panel made a recommendation in September that ten leading city councillors were to have a 40 per cent pay cut, reducing their annual allowance from PS10,000 to PS6,000, but it was thrown out by Sir Albert.
THE Finance Ministry plans to introduce a 1.5 per cent pay cut on all semi-government employees as their contribution towards healthcare, according to news reports.
Chair of the Welsh Consultants Committee Dr Sharon Blackford said: "We feel undervalued by Welsh Government and are now expected to take a pay cut to fund the Government's shortfall after five years of effective pay-cuts.