AN UXBRIDGE company has sparked outrage amongst its employees by telling them to take a pay cut or lose their jobs.
Staff at Wells Fargo, a subsiduary of ICT Europe, based in Cricket Field Road, have been asked to switch from a pay rate of £7.50 per hour down to just £6 an hour, only narrowly above the minimum wage.
More than 20 staff are being affected by the enforced pay cuts, which fly in the face of the current rate of inflation.
Shaz Monaf, 23, of Uxbridge, said: "It is ludicrous they are getting away with this. We want to make people aware of what is happening to us in this current climate.
"I will struggle to pay my monthly credit card bills and support my family as I have got married recently.
"Food, gas and petrol is all going up, between that and taxes it all adds up - how can they enforce a pay cut?
"I'm going to have to leave, but the problem is they have not even given us time to look for another job."
An employee who did not wish to be named said: "I've been there just over a year now and instead of getting an increase, I'm getting a decrease.
"All bonuses have also been stopped, and they were better than they have ever been, we are good at our job.
"A lot of people will lose more than their jobs over this. The company has broken promises."
Toni, 32, of Uxbridge, said: "It's unfair, I've not been given any option, only be laid off or take this pay cut. I've got a new born baby, how will I pay for that?"
The credit crunch is being blamed for the job losses, yet analysts in America believe Wells Fargo Bank is one of the few American businesses that could exit the crisis stronger than when it started.
Workers at ICT Europe in Uxbridge provide credit facilities for businesses across the UK, and some of the bank's recent profits were made from UK investments.
Former employee Paul Singh, 24, of Uxbridge, said: "It is a very cut throat facility, and this is going to affect every-body from A to Z."
Mr Monaf added: "Quite a lot of us are young, so they think they can get away with it, but it's not right."
Stuart Morris, Chief Operating Officer at ICT Europe, declined to comment.