![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
Tough Economic Environment * USA - Trucker extends pay cuts
U.S. Xpress Enterprises will cut the pay of 1,700 employees and shorten the workweek for hourly workers
Chattanooga,TN,USA -The Chattanooga Time Free Press, by Joan Garrett -Jan. 1, 2009: -- While employees are not happy to see their paychecks shrink, some say they feel lucky to have work in the tough economic environment... In late November, officials at the Chattanooga-based trucking company cut the pay of high-level employees by between 5 and 7 percent. On Wednesday, those cuts were increased for company management and extended to all nondriving employees, said Greg Thompson, a spokesman for U.S. Xpress... Low-level employees will lose 5 percent from their paycheck, vice presidents will lose 7 percent and executive management will lose 10 percent, Mr. Thompson said... (Photo by Lido Vizzutti: U.S. Xpress driver Gordon Wilson checks the oil in truck during a cirlce inspection Friday afternoon at U.S. Express in Tunnel Hill, Ga.)* Why Lawyers and Truckers (and the Rest of Us) Should Accept Pay Cuts
Washington,DC,USA -U.S. News & World Report, by Liz Wolgemuth -January 2, 2009: -- Amid the multitude of layoff announcements in the past year, we've heard a quiet chorus of calls for something different--something that would cut costs in a recession without destroying livelihoods... The Teamsters have tentatively agreed to a 10 percent pay cut for all union workers at major trucking company YRC Worldwide. While the union members themselves won't finish voting on the change until next Tuesday, the agreement with the tough-minded Teamsters is significant... The Washington Post's Steven Pearlstein points to research done by MIT economist Martin Weitzman, who found that workforce-wide pay cuts of the sort to which the Teamsters have tentatively agreed would actually shorten the duration of recessions...
Labels: trucking industry news USA
posted by Unknown @ 6:43 AM
0 Comments:
Post a Comment
<< Home