10 % cut....

iVillage Member
Registered: 01-17-2005
10 % cut....
5
Thu, 03-12-2009 - 9:21am

DH came home last night w/the news that his dept has to cut 10% of their budget... there are 20 employees, so essentially they have to find a way to cut 2. He and another guy are going to meet w/several people today to see if they can get them to agree to what amounts to essentially everyone taking a 10% cut to save anyone from losing their job. They have the option to go down to .9 of an employee (so essentially he'd be paid for working 36 instead of 40 hrs, whether he would actually only work 36 hrs who knows).

Jill

Avatar for sarahfran
iVillage Member
Registered: 03-26-2003
In reply to: jills5555
Thu, 03-12-2009 - 10:45am

Good for them for trying to save jobs by everyone sacrificing!

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iVillage Member
Registered: 02-17-2005
In reply to: jills5555
Thu, 03-12-2009 - 10:48am
I just wanted to say that your hubby and that other guy ROCK! I think that what they are doing to try and help others from losing their jobs is such a great, selfless thing and I hope they have success convincing others to follow their lead! Let us know how it all pans out :)



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~Liz
Avatar for sweetviolets
iVillage Member
Registered: 06-30-2003
In reply to: jills5555
Thu, 03-12-2009 - 10:52am

I hope everybody gets on board and they can save some jobs.

iVillage Member
Registered: 12-14-2004
In reply to: jills5555
Thu, 03-12-2009 - 12:56pm

I hope it works out for the dept. It would be wonderful to have everyones job saved.


I hope they figure out a way to spread it out well. I am guessing not everyone in the department makes the same pay. A 10% hit for the lowest wage earner could be big. A 10% hit for the highest might not be life changing.


I have been in departments with wide salaray ranges.

Chris mom to DD-11, DD-8, DS-3
Chris mom to DD-11, DD-8, DS-3
iVillage Member
Registered: 01-17-2005
In reply to: jills5555
Thu, 03-12-2009 - 2:21pm

I'm hoping that they can find a couple of people higher up that will take the cut as well. It would make a difference in that 10%.


I was so proud of him for immediately thinking of doing this to help out... even though it will make us cut back, it will be better in the long run!

Jill...Wife to Chris,


Mommy to Jacob & Jonah


Jill