Steel workers will be taking a 50 per cent pay cut to help their employer stay afloat. As well as the cut, employees at the North Lincolnshire firm Caparo Merchant Bar will take an extended holiday over the festive period. Staff will return to work on January 3, 2012 after taking a longer break than usual and at half their usual wage. Workers are being supported by Community which is one of the largest trade unions for the steel industry in the region.