Some 10-15% of businesses in the north could not meet their August wage bill.
Along with voluntary redundancies, this should cut the firm's wage bill by roughly 15%.
It says it needs to cut its wage bill by 21% to stay out of bankruptcy.
The public-sector wage bill has grown by more than 8% a year since 1996.
Last year, the club pledged to tackle their high wage bill in order to return to profit.
The announcement was not surprising as the Magpies attempt to slash their wage bill following their relegation.
We are free of debt, have a good wage bill and will give it a good crack.
As part of the agreement, the country must reduce debt, as well as the government wage bill.
Main shareholder at Celtic Park Dermot Desmond recognised Strachan's part in reducing the club's debt and wage bill.
Young promised that he would make changes at the club although trimming the wage bill is another factor.
O'Leary took over as Villa boss last summer and was told to cut the wage bill in half.
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But even if they are, wage rates are not the sole factor driving up the public-sector wage bill.
Queens Park Rangers has said that its wage bill doubled during its first year back in the Premier League.
The wage bill went down in the short term but the pension costs went up in the long term.
The England centre's current club, Brive, is reported to be looking to off-load him to reduce their wage bill.
Paying a first team wage bill of 3-7 times the other teams in the SPL (not including Celtic) is silly.
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This cosy arrangement has long been unaffordable: the government's wage bill alone comes to about 50% more than its revenues.
It is hoped they will be signed before the weekend game in order for the Whites' wage bill to be reduced.
Leeds were relegated from the Premiership last season and have since sold most of their first-team squad to reduce their wage bill.
Meanwhile, Jefferies thinks he could bring success to Hearts, even if he is forced to halve the wage bill by Vladimir Romanov.
Earlier this month, the Premier League granted Portsmouth permission to sell players outside the transfer window in order to reduce their wage bill.
By comparison, the real wage bill in the U.S. fell in January, February and March, according to the Bureau of Labor Statistics.
But the boost in income was more than offset by increases in expenditure such as the wage bill for players and other staff.
The Blue Square Premier side said they needed the duo off their books to clear some of the wage bill for new players.
Further reducing that wage bill will be a major target for Birch, though selling more players will represent a major gamble against relegation.
The latter confirmed he was under orders to reduce the wage bill after Romanov warned he would no longer tolerate "mercenaries" at Tynecastle.
Under today's system the rate at which firms pay unemployment tax on their wage bill varies only slightly with the companies' history of lay-offs.
On a yearly basis, the real wage bill growth picked up further steam to 7.3%, from the recent 1.2% yearly low record back in October.
Firms may be reluctant to create jobs by recruiting inexperienced staff because they are put off by the increased wage bill, the Low Pay Commission has suggested.
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