Workers at PSA Peugeot Citroen’s Coventry, U.K., assembly plant will take pay cuts in order to save jobs.

The nearly 2,400 workers, who are members of the Amicus union, voted to cut their pay an average 3%, which should save as many as 700 jobs at the plant. Workers on the plant’s fourth shift are expected to lose upwards of 20% of their pay as a result of the move.

The Coventry plant produces the Citroen 206 small car.