PRCA Publishes Data on Loans, Furloughing, Pay Cuts, and Redundancies

The Public Relations and Communications Association (PRCA) have published its latest piece of research, examining in detail how PR businesses are reacting to the current circumstances in financial and human resources terms. The research reveals: – 15% of respondents have applied for business interruption loans, and a further 10% will be doing so– 60% of respondents have furloughed staff– 50% of respondents have implemented staff pay cuts, and a further 10% expect to do so– Where staff pay cuts have been implemented, almost two-thirds of cuts have been in the…

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