I’ve got to wonder about some of these wage/benefits cuts. I know a guy that works for a hospital linen provider. The TARP deal wasn’t even worked out late last year when his employer announced that there would be no raises due to the bad economy. Notice that there hasn’t been a drop in hospital business (government and health care being the only two industries to thrive these days). I’m just skeptical that businesses are using the economy as an excuse to make unnecessary cuts.
Bingo! Our business is actually “decent”....not as good as the last 5 years, but it does not warrant 20% cuts. I’m in sales and look at the books daily...we are making money and not even CLOSE to losing money.
The thing that ticks me off, is 3 of the 4 owners of my company voted for this Spit head! They way i look at it, they should take the cut for their stupidity!