Top management of Great Harvest Group has volunteered for a salary cut amidst the company’s tough time

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Those who have raised the request for a salary reduction will get a 2% pay cut. Meanwhile, employees with a monthly salary of less than HK$20,000 will receive a 2% pay rise.

Directors and senior management of Hong Kong’s major engineering corporation Great Harvest Group have voluntarily requested a salary deduction of 10% to tide over the difficult times that the company is facing, according to local news reports.

As reported by AM730, Chairman Poon Yung said in an internal letter to employees that the company is currently facing “the most difficult adversity of all times”. As such, the directors and senior management have repeatedly asked for a 10% pay cut as part of their efforts to support the company.

Poon said in the letter: “Their loyalty and perseverance make me perturbed and touched at the same time. Their enthusiasm has even influenced many colleagues to support them.”

After thorough consideration, Poon said he decided to accept the request. Employees who have raised this request will, thus, face a salary reduction of 2%.

Meanwhile, he continued, that employees with a monthly salary of less than HK$20,000 will get a pay raise of 2%, while employees with a salary of more than HK$20,000 will have a salary freeze.

He emphasised that this was a "decision with no choice". He prayed for employees’ understanding, and hoped the company could return to normal in the near future.

HRO has reached out to Great Harvest Group for further information and will update if received.

Great Harvest Group is the parent company of the contractor Aggressive Construction Company Limited. The latter faced business difficulties after being involved in a number of fatal industrial accidents in recent years.

Image / Great Harvest Group's website