Staff at a haulage company in Suffolk have agreed to take a cut in pay so as to avoid redundancies, it has been revealed.
As the recession deepens and provides more challenges for logistics firms, over 120 members of staff at Leggett's Transport have agreed to take the voluntary ten per cent cut in pay as the company bids to remain profitable.
"Some staff had already taken voluntary redundancy but this is designed to ensure no else has to leave the company. The problems started to come in the autumn and then there was this sudden drop after Christmas," explained sales manager Roy Leggett.
Speaking to the East Anglian Daily Times, Mr Leggett added that he was confident the company would survive the current decline, having been through similar periods of hardship in its history.
While many companies are struggling to cope with the economic downturn, logistics company Stobart Group has introduced an innovative logistics transport planning that helped it make a healthy profit in 2008.
The firm has developed a system that reduces the amount of time any truck spends without taking goods from one place to another, significantly increasing the company's overall efficiency.
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