Balfour Beatty board follows Kier’s move to take 20% pay cut
Balfour Beatty’s main board has decided to take a 20% salary cut in response to the coronavirus crisis. Balfour this morning also announced it was delaying its annual general meeting due to be held on 14 May and was reviewing whether to pay its proposed year-end dividend. “In line with the current guidance on COVID-19 from the UK Government, the group’s sites and contracts will remain operational where it is practical to appropriately implement the Standard Operating Procedure issued by the Construction Leadership Council, and endorsed by Public Health England. Balfour Beatty said it was facing the crisis from a strong financial footing, built up over the last five years.