Winners & losers: Woodies owners to take pay cut while airlines are thrown a lifeline

DIY retailer the Grafton Group said its chief executive and financial officer will take 20% pay cuts along with a suspension on the company's bonus scheme during the Covid-19 crisis.
Winners & losers: Woodies owners to take pay cut while airlines are thrown a lifeline
The Grafton Group, which operates Woodie's, has suspended the company's bonus scheme as a result of the Covid-19 crisis.
Wed, 08 Apr, 2020 - 18:47
Alan Healy

DIY retailer the Grafton Group said its chief executive and financial officer will take 20% pay cuts along with a suspension on the company’s bonus scheme during the Covid-19 crisis.

The company operates the Woodie’s chain of hardware stores along with Chadwicks and Cork Builders Providers.

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CoronavirusPlace: UKPlace: BritainPerson: CEOPerson: Gavin SlarkPerson: Chief Financial OfficerPerson: David ArnoldPerson: Michael RoneyOrganisation: Grafton GroupOrganisation: WoodieOrganisation: ChadwicksOrganisation: Cork Builders ProvidersOrganisation: Remuneration CommitteeOrganisation: TUIOrganisation: Covid-19Organisation: Department of Foreign AffairsOrganisation: Marella CruisesOrganisation: CentricaOrganisation: TescoOrganisation: British GovernmentOrganisation: Eurocontrol
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