Southern Water is to freeze the pay of its 1,600-strong workforce, including directors, because of the recession.
The company, which has 2.3 million customers in Kent, Sussex, Hampshire and the Isle of Wight, said the aim was to avoid job losses.
Source: http://news.bbc.co.uk/1/hi/england/7859038.stm
No raises, then lay offs then wage cuts. Looks like depression is on the way.