Lisney asks staff to take 10% pay cut

STAFF at leading Irish real estate agency, Lisney, have been asked by management to take a 10% pay cut as the downturn in the property market continues to bite.

The move, by one of the largest companies in its field here, will affect everyone from management downwards at its offices in Dublin, Cork and Belfast.

Lisney currently employs around 170 people in total, every one of whom have been personally sounded out about the plan by management.