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1:58pm Friday 22nd January 2010
A BAKERY is asking staff to take a ten per cent pay cut.
Peters Bakery, which runs both a bakery and a chain of shops, is understood to have put the proposal to staff last week.
It is understood the firm, which employs around 580 people in the region, is asking for a ten per cent wage cut across the board.
If accepted, it is expected to be a short term measure until the chain, founded in Belmont in 1966, can address some business issues.
A source said: “They have asked staff to take a pay cut. Companies like this are going through a bad time, supermarkets are taking over.
“It is the worst time of the year for all bakers, things are usually quite flat.”
Peters is still privately owned by the Knowles family, but the company now has 71 retail outlets from Northumberland to North Yorkshire.
No-one at the company was available for comment.
In April 2004, a fire gutted its production base and head office on the Dragonville Industrial Estate, Durham City. It relocated temporarily to Peterlee before returning to Dragonville in September 2005.
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