Rumor from the IBEW hall of fame is sounding out that the members have authorized a pay-cut, as was requested by acting Anchorage Mayor Claman. Just last week Mayor Claman requested such for union contracts that were most recently re-negotiated and saw a 3% increase in pay, with the request for reductions in efforts to forgo a possible deficit due the economic slowdown. Up north, many of the oil field workers have already endured a pay cut. They have no say in the matter as they have chosen not to have representation
Alaska Chinook: IBEW OK on Pay-cuts
PS. Phone companies are asking their employees to take pay cuts and comparing themselves to GM. The only difference is, the phone companies made profits last year.
I guess its ok because you aren't in the phone industry, right?
And you guys don't think one sector affects all the rest?or
Nice redirection of the debate....which phone companies gave pay cuts? Are phone companies classified as manufacturing?
We are going to see this across the board. In case you haven't noticed, credit is in short supply, meaning companies are going to be forced to build their reserves and it's going to be tough because they all know the inflation tsunami is coming quickly, which will erode what ever reserves they manage to build.
