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Old 14-06-2016, 01:25 PM   #10
Stefan
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Join Date: Jun 2005
Posts: 5,193
Default Re: Griffin Coal Workers 43% Pay Cut

Quote:
Originally Posted by JAJH View Post
And you know this how? Are you privvy to the inner sanctions of the corporate world? I would bet there are many more execs who keep their jobs and pay packets than those on the lower rungs who don't.
Because I've seen in happen 3 times in 5 years where I work. You'd be naïve to think taking $5/ hour from some labourer was the only cost cutting exercise when times are tough.

Who do you think leaks wages staff redundancy info or pay cuts to media? The Union!

Our last "restructure" saw at least 50 salary staff get booted. The only media it got was in the Financial Review, share prices promptly jumped. The share marked loves a restructure.
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