CC workers receive a pay cut

[Route 66]

Gathered from the internet;

Quote:

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.

[Route 66]

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>

[NLOVNIT]

Boy, the layoffs & cuts just don't seem to stop, do they?

L-

[SJim]

at least the CEO took a pay cut instead of a pay incress like some company CEO do

[Route 66]

<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.

[JOC1212]

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....

[Bald Eagle]

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.