Ouch! pay cut - Mercedes-Benz Forum

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post #1 of 31 (permalink) Old 05-01-2009, 12:33 AM Thread Starter
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Ouch! pay cut

Due to the economic downturn my entire company is going through an 8% salary reduction. That plus higher taxes in Ca is going to make for a tough second half of 2009. On the bright side I did just get a 3.5% raise in Jan so that helps ease the pain, and we still have jobs. I feel worse for our lower paid people who barely get by now.
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post #2 of 31 (permalink) Old 05-01-2009, 12:36 AM
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post #3 of 31 (permalink) Old 05-01-2009, 12:36 AM
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Ours is through furlough days, so at least we get additional days off.

Just curious, woods, whereabouts in CA are you?
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post #4 of 31 (permalink) Old 05-01-2009, 02:12 AM
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No problems guys, this was all over CNBC about 12 hours ago.........

U.S. recession likely over by end of summer: ECRI | Economy | Reuters
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post #5 of 31 (permalink) Old 05-01-2009, 08:24 AM Thread Starter
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Originally Posted by gregs210 View Post
Ours is through furlough days, so at least we get additional days off.

Just curious, woods, whereabouts in CA are you?
I'm in So OC. You?
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post #6 of 31 (permalink) Old 05-01-2009, 08:27 AM Thread Starter
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No problems guys, this was all over CNBC about 12 hours ago.........

U.S. recession likely over by end of summer: ECRI | Economy | Reuters
I hope they're right!
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post #7 of 31 (permalink) Old 05-01-2009, 08:30 AM
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I hope they're right!

Personally, I don't believe they are....
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post #8 of 31 (permalink) Old 05-01-2009, 08:32 AM
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Personally, I don't believe they are....
+1...

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post #9 of 31 (permalink) Old 05-01-2009, 08:40 AM
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post #10 of 31 (permalink) Old 05-01-2009, 09:14 AM
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