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This change will affect all of our employees, it is across the board and the lengths of service vary from 20 years down to 1 year
We currently pay 1.5 hours (time and a half) for overtime rates beyond thier normal 40 hour week.
We wish to reduce this to 1.25 hours (time and a quarter).
The reason is the current position of the company, reduction in market prices for our goods, and the increased transport costs of our goods in all markets; combined with lower costs of foreign hauliers that affect our processes. e.g... it is now cheaper to use a foreign haulier to take and bring our goods back from the continent that using our own fleet.
We cannot continue as we are; we must reduce our costs; we have to be financially viable in all areas.
I am going off site now and will not see your reply until the morning,
many thanks, ***** *****