pay cut

noun

noun

Business, Finance A reduction in salary or wages.

I'm not suggesting across-the-board pay cuts (even I'm not that extremist), but I am suggesting that a three-year pay freeze for all staff above the living wage level should be considered.2022 January 12, Sir Michael Holden, “Reform of the workforce or death by a thousand cuts?”, in RAIL, number 948, page 25:

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