Kingspan to cut all pay by 40% for two months - letter
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DUBLIN (Reuters) - Kingspan will cut executive pay by 50% and implement a 40% cut for the rest of its 14,500 staff for two months due to unprecedented production and demand disruption from coronavirus, according to a letter to staff obtained by Reuters on Thursday.Kingspan chief executive Gene Murtagh told staff he did not know if the cut in pay from April 1 to June 1 would be sufficient but that it was critical to protecting as many jobs as possible as they face into "a monumental..