No More Money?????

I had a one-to-one chat with the new contract manager for the security firm who are taking over where I work. It was a bit of a waste of time, like the meeting 2 weeks ago, but he handed over some forms we need to fill out etc. One thing I did learn, all my other questions going unanswered, was that our rate of pay will be staying the same "probably for at least a year." I couldn't believe this, the new client company expect us to work for the same rate with a fully occupied building as when it was only 10% occupied?? I think that is taking the pi55!!!! Even more incentive to find another job quickly.
I did mention to this manager that ISS, his company, were the company who sacked me when I was employed at Goldman Sachs, but he seemed to think that this would not be a problem. We shall see!
Oh, and it looks like there won't be an equivalent job for my boss, meaning that he will probably have to take a lowlier job (though they will have to keep his money the same). This will almost certainly encourage him to leave his cushy life here!! Never mind.