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Debenhams management pay is frozen

Debenhams bosses have agreed to have their pay frozen to bear the brunt of the credit crunch.

Chief executive Rob Templeman and finance director Chris Woodhouse, along with other senior managers, will not get a pay rise in the next 12 months.

Around 1,000 other more junior management and head office staff will also have pay rises delayed until after Christmas.

Around 20,000 store staff will get pay increases in line with inflation as part of their usual pay review.

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