10th Mar 2021 07:01
(Alliance News) - London-based infrastructure firm Balfour Beatty PLC is expected to repay funds - totalling almost GBP20 million - used to furlough employees, Sky News reported on Tuesday.
The news agency noted that the move comes days after a warning from a major investor body that it would recommend voting against boards which paid bonuses to executives for last year if they had taken government money during the pandemic.
Balfour Beatty cancelled its final dividend a year ago and did not declare an interim payout last summer, while its senior management also took temporary pay cuts.
https://news.sky.com/story/construction-group-balfour-beatty-to-hand-back-19m-in-furlough-funds-12241113
By Evelina Grecenko; [email protected]
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