With the ecomony as it is today

[ncroamer65]

If you were asked by an employer to reduce your pay by 5% to help
save the "company" and your job, would you be willing to do this ??

I know we are hurting already however with the downward spiral
there will be sizeable layoffs, as there have already been.

Please give some thought be for answering please.

 

[thcri]

Yes. 5% less is always better than nothing. If you think you can get a job someplace else for the same or more you would have that option.

 

[Erik]

a 5% cut in my base pay would hurt a lot less than the year they put me on salary so I didn't get compensated for any of my OT, but I did that as well.
(the past couple of years my OT has equalled 10-15% of my base pay)

 

[NorthernRedneck]

We took a 10% cut across the board last year. It was a sign of things to come. Dirty politics on the company's actions. Not just our company but pretty much every company in this area. See, most of the companies around here are unionized. How do you get rid of unions??? Very simple. Here's how...

The company my father and brother worked for were the ones to start this cycle and get away with it. They started out with a 20% cut across the board with many consessions including removing the right to file a greivance with the union. The union voted against it which put them in a strike position. They went out on strike. That was two years ago. Because they were out on strike, there was no severance pay. The union became null and void after a year. The company was sold to another outfit that reopened it under a different name and hired all new workers.

Fast forward a year.... The company I worked for tried doing the same thing. The only difference is that we signed the contract taking a 10% cut with the understanding that all our pay rates would return to previous levels following 2010. But the writing was already on the wall. Less than a year into our 5 yr contract, we were laid off indefinetely.