All 700 employees of a building materials firm have been asked to take a pay cut or face job losses as a result of the downturn in the construction industry.

The family-owned Brett Group, based in Canterbury is also planning to suspend payments into its pension scheme for 18 months.

Directors of the 100 year old company also face a 10 per cent salary reduction with other employees hoped to accept cuts of between three and five per cent.

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