Some workers willingly take wage cuts to save their jobs
(NEWSER) - Some companies are finding creative ways to cut labor, and keep it, too. Brandeis University, for example, convinced 30% of its instructors to forgo 1% of their pay. "It can save a few jobs," reasons an English prof who's hardly alone. Many workers have accepted reduced hours, unpaid vacations, and wage freezes—even cuts—if it keeps afloat the company, and saves their jobs, the New York Times reports. More»
