Construction: Building bosses turn up heat over pay cuts
CONSTRUCTION bosses have warned they will withdraw from collective agreements on wages unless trade unions sign up to a 7.5pc pay cut by December.
Construction Industry Federation (CIF) chief Tom Parlon (right) said that the CIF's finances had been "destroyed" by the recession.
The CIF has been pushing for a 20pc wage cut in light of the rapid slowdown in construction here. The Labour Court recommended a 7.5pc cut in July.
The deadline is understood to have been communicated to union officials on Thursday last week.
Fergus Whelan, an official with the Ictu, has stressed that talks are ongoing.