Taxpayers to subsidise wage costs?
Corus tells me that the employee pay-cut proposal is one of only a series of measures being discussed by Corus's management and workforce.
Those discussions seem to be constructive. A strong survival instinct seems to be dominating the approach taken by management and unions.
But it seems unlikely that such a pay cut would eliminate the need for redundancies, such is the scale of the collapse in demand for steel that has taken place.
So Philippe Varin, Corus's chief executive, has lobbed the ball over to government, by asking for temporary financial help.
What Corus would like to see in the UK is a version of a scheme recently introduced in the Netherlands, by which the Dutch government pays up to 70% of the salaries of struggling Dutch companies for up to 24 weeks.
The point of the Dutch scheme is to keep employees on the books of stretched companies during the most acute phase of the economic contraction - in the hope that the relevant companies can afford to pay wages once more, when the recovery begins.
There's certainly a logic to the Dutch safety net, in that it should mean that important companies don't permanently lose access to a trained, skilled workforce.
But, if introduced in the UK, it would involve ministers making a nightmarish judgement about which companies and employees deserve such a subsidy and which should be left to stand or fail on their own.