Archial cuts staff salaries in bid to 'control costs'

摘要

One of the UK's biggest architecture firms, Archial, has been forced to reduce staff salaries to cope with the dramatic slowdown in the construction sector.rnAccording to sources within the AIM-listed company, formerly known as the SMC Group, the management has imposed a 3 per cent pay cut across the firm, with directors taking an 8 per cent cut.rnChris Littlemore, Archial chief executive, admitted the company had acted in a bid to handle the pressures of the current financial crisis, but declined to comment on the specifics.