furlough

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Not Going to Mark Madoff's Funeral: Bernie

Prison rules say dad's ineligible for furlough

(Newser) - Mark Madoff might not have wanted his notorious father at his funeral anyway, but Bernie Madoff will likely be barred from attending, the New York Post reports. The North Carolina prison’s Inmate Handbook says prisoners can have supervised furloughs for immediate family members’ funerals only if they’ve got...

Pay Cuts: America's New Norm
 Pay Cuts: America's New Norm 
Oct 14, 2009 7:49 AM CDT

Pay Cuts: America's New Norm

Nine straight months of declining pay sets new record

(Newser) - In previous recessions, layoffs were the principal way for employers to cut costs—pay cuts were seen as demoralizing and a sure-fire way to lose workers to other jobs. But now pay cuts, sometimes in the form of demotions or shortened workweeks, are more common than at any time since...

Furloughs Freeze State Services

Strapped states try to balance budgets by shutting down

(Newser) - States across the country are slashing their labor costs by putting workers on furloughs and cutting services, the Wall Street Journal reports. California, Maine, Maryland and Michigan close state agencies on Fridays. Others are opting to remain open every weekday, but stretch services by placing thousands of workers on rolling...

Calif. Budget Crisis Cripples UC System

(Newser) - California's budget crisis has taken an $813 million toll on its famed UC system, Time reports. The University of California's 10 campuses are attempting to deal with the 20% budget cut by instituting mandatory furloughs for 80% of staff, drastically cutting or even freezing new hires, and increasing tuition by...

Arnold Declares Emergency in Calif. Budget Mess

(Newser) - California Gov. Arnold Schwarzenegger today declared a fiscal emergency and ordered lawmakers to produce a plan to close the state’s $24.3 billion deficit within 45 days, the San Francisco Chronicle reports. To accomplish that, Schwarzenegger called a special session of the legislature, and also ordered 220,000 state...

Many Toil Through Forced Leave

Workers on furloughs aren't granted—or won't allow themselves—time off

(Newser) - Sure, required time off beats a layoff—but that can be tough to remember as many continue working through their furloughs, the New York Times reports. Some worry their jobs are at stake if they don’t keep working; others just can’t get their employers to schedule days off....

Bank Pays Workers to Take 5-Year Vacation

Employees should go pursue 'personal projects,' bosses say

(Newser) - Spain's second-largest bank is taking the creative route to cost-cutting—offering its workers 5 years' paid vacation. Staff at BBVA who want to take time off to focus on "personal or professional projects" can receive 30% salary plus benefits, in addition to a guaranteed job when they return. The...

Ahead, the Summer of the Furlough

(Newser) - Already-downsized companies seeking to cut costs further will likely increase temporary layoffs this summer, hoping the season will ease the pain of a missed paycheck, Fortune reports. A recent poll found that 44% of US companies are considering or have already implemented furloughs. But some institutions and employees are getting...

NYC Firm Pays Lawyers for Not Going to Work

Cost-cutting measure gives employees $80K for taking a year off

(Newser) - Amid nationwide layoffs and salary freezes, how could a New York law firm justify paying some of its employees $80,000 to stay away from the office? It makes more sense when you know that the lawyers usually make three times that: The partners have found a way to cut...

Calif. State Workers Take Forced Day Off

200K at DMV, other agencies stay home amid budget crunch

(Newser) - Californians looking to renew a driver’s license today will be disappointed, as 200,000 state employees take their first forced day off. Gov. Arnold Schwarzenegger says the two mandatory unpaid vacation days per month—a 9% pay cut—is a budget necessity. But many Californians are confused about which...

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