#Unitedwestand

BrewDog co-founders forgo 2020 salary

By Nikkie Thatcher

- Last updated on GMT

Pay cut: BrewDog co-founders and its senior team are reducing their salaries to help protect jobs
Pay cut: BrewDog co-founders and its senior team are reducing their salaries to help protect jobs

Related tags: Coronavirus, Brewdog

Scottish brewer and operator BrewDog co-founders James Watt and Martin Dickie will be sacrificing their salary for 2020 in a bid to protect jobs at the business amid the Covid-19 pandemic.

This follows the company’s announcement it was producing hand sanitiser and giving it away to hospitals and those in need.

Watt tweeted: “In order to protect as many jobs at BrewDog as we can, many of our senior team have volunteered to take pay cuts.

“And, myself and my co-founder Martin [Dickie] are forgoing all salary for 2020. But, we have not started sleeping in the brewery (yet).”

Watt also said BrewDog chief operating officer David McDowall volunteered to take a 50% pay cut to help protect jobs.

Trade-wide

Pub companies have been announcing the measures they are putting in place to help protect jobs and using the Government’s Coronavirus Job Retention Scheme to furlough staff.

Shepherd Neame has announced its plans for staff payment​, which includes asking 85% (1,300 people across its managed pub estate and head office) of its employees to not work and a temporary salary reduction for higher-paid staff who are still working.

The Kent-based company said it would not be making any permanent redundancies but would use the Government’s Coronavirus Job Retention Scheme.

Shepherd Neame said its operational focus would move to producing and distributing beer to the supermarkets in the meantime.

It also confirmed hourly paid staff would have their pay settled for this month (March) in full and be paid on the normal date.

Greene King CEO Nick Mackenzie has said he will take a 50% drop in pay​ for the duration of the coronavirus crisis and executive board members have also reduced their pay by 30%.

The pubco has also confirmed pay and furlough arrangements for its 38,000 team members while its pubs remain closed.

Greene King will also make use of the Coronavirus Job Retention Scheme and furlough a large proportion of its team, paying 80% of salary for all employees furloughed and topping up to 80% for those who earn more than the Government’s annual cap of £30,000. Hourly paid staff will also receive 80% of average earnings, including tronc payments.

Greene King employees had already been guaranteed full pay, based on average hours, until 5 April and this will continue to be paid, with 80% of average earnings effective from 6 April.

Related topics: Beer, UnitedWeStand

Related news

Show more

Spotlight

Follow us

Pub Trade Guides

View more

FREE EMAIL NEWSLETTER

Subscribe to The Morning Advertiser

The definitive voice for the pub trade

Get the latest news, analysis and insights from the uk pub sector straight to your inbox!