Engineering resin supplier Bayer MaterialScience AG is asking workers for wage cuts, according to this story from Financial Times Deutschland. (For those non-German speakers, here's Reuters' report that cites the FT Deutschland story). The story notes that Bayer wants to use a clause in its union contract that allows the company to cut wages by 10 percent while leaving working hours unchanged. The union is against the plan. BMS isn't the first company I've seen ask for wage cuts -- others are asking workers to take time off without pay. This is definitely a trend -- companies are getting creative finding ways to cut costs without cutting staff. Is there a good way to do that, or will you always end up with an unhappy workforce? Watch the poll question on our home page next week, where we will be asking readers how you feel about wage cuts vs. layoffs. Leave a comment on the subject here today, and make sure to vote in our poll next week.
Wage cuts vs. layoffs
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