Oxigen imposes more pay cuts on staff as its finances weaken

Oxigen Environmental has warned that its finances are now in a "parlous position" and that the cash reserves it amassed during the boom are "increasingly depleted".

Ian Kehoe - avatar

Ian Kehoe

18th August, 2012

The waste management firm, Oxigen Environmental, has warned that its finances are now in a "parlous position" and that the cash reserves it amassed during the boom are "increasingly depleted".

The Irish-owned firm has now imposed another round of pay cuts on staff as part of a cost-saving plan implemented by management to protect the "viability of the business" and "sustain employment".

However, the pay cuts have drawn the ire of unions, as they were...

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