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Old 04-18-2008, 10:12 AM   #1
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Gathered from the internet;

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Junction City, Ore.-based Country Coach Inc. is implementing a 5% wage cut for all employees while President and CEO Jay Howard will take a 25% cut, according to a report by KVAL TV, Eugene.

Country Coach, which builds high-end Class A motorhomes, in March laid off around 100 line workers in response to the market. The TV station reported that the company employs around 1,100 people.
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Old 04-18-2008, 10:12 AM   #2
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Gathered from the internet;

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content"> Junction City, Ore.-based Country Coach Inc. is implementing a 5% wage cut for all employees while President and CEO Jay Howard will take a 25% cut, according to a report by KVAL TV, Eugene.

Country Coach, which builds high-end Class A motorhomes, in March laid off around 100 line workers in response to the market. The TV station reported that the company employs around 1,100 people.
</div></BLOCKQUOTE>
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Old 04-18-2008, 12:21 PM   #3
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Boy, the layoffs & cuts just don't seem to stop, do they?

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Old 04-19-2008, 03:20 AM   #4
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at least the CEO took a pay cut instead of a pay incress like some company CEO do
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Old 04-19-2008, 05:10 AM   #5
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">at least the CEO took a pay cut instead of a pay incress like some company CEO do </div></BLOCKQUOTE>

......and he took a much larger pay cut than the workers.

That was the right thing to do.
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Old 05-04-2008, 08:20 PM   #6
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WOW,,,this speaks volumes about the culture of this company. While many companies lay people off this one gives them an option to take a pay cut instead, while the CEO shows the way. Too bad this can't become contagious across the nation....
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Old 05-10-2008, 02:44 AM   #7
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I'm not so sure that I would put much trust in what they SAY. The press release can say anything but CEOs usually do not take pay cuts.
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