2 apr 2020
Risposta di Reed
6yThank you for your review and I'm sorry you view the actions we've taken this way. As with everyone working within the recruitment sector, we find ourselves in a very challenging trading position; exacerbated by the lockdown imposed to combat the spread of Coronavirus. We have had to make some difficult decisions, which have involved the workforce accepting substantially reduced hours and pay, a streamlining of support functions and, continuing existing plans to release some Co-Members in fee-earning roles where they had already not been performing to our normal minimum standards or decline in trading within their specialism. In addition, we have applied the government guidelines in relation to the Coronavirus Job Retention Scheme in good faith and furloughed some eligible Co-Members. Based upon your review, unfortunately, you were not part of this qualifying cohort. Our Global MD has been extremely open and honest in regular Vlogs to the workforce to explain actions taken and why and I am pleased to report that REED remains on a very stable financial footing.