Friday is the day. Get ready.
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Automotive News says it’s a sign the coronavirus crisis will be short-lived: General Motors is not only reducing executive pay, but says it is “borrowing” money from salaried workers in the U.S. to protect its balance sheet.
By “borrowing,” AN means the company is cutting employee salaries 20 per cent starting Wednesday, April 1, but will pay back all that money in one lump sum by March 15, 2021.
No announcements needed when it's all Contractors.
For what’s it worth I believe Alex really is trying to look after the employees this time around.
PS. You were wrong about the Friday announcement so let’s be positive
Maybe Kenney and Justin will actually have a creditable plan to help out!
Why don’t you whiners do the company a favour and quit? That would be a great savings. They don’t need ya. Bye bye now!
Oilpatch company Ensign Energy Services Inc. announced a pay cut for its top executives on Monday, lowering the salary of its president and chief operating officer by 20 per cent and its chair by 40 per cent.
Along with WestJet layoffs: Also worth mentioning, WestJet's executive team is taking a 50% pay cut. VPs and directors taking a 25% pay cut.
In typical CVE fashion they will make the announcement at about 6:00pm on Friday so they don’t have to deal with any employees questions until Monday. They will hang us out over the weekend. I hope we are all wrong but it’s the way this company roles. After close on Friday they will announce how they’re coming after us and by how much.
I hope Alex is a true leader and the top guys get cut the most but I have my doubts. Again I pray I’m wrong.
What’s a contract employee? There are contractors and employees. You can’t be both you twit
50% of contract employees is the rumour.
layoffs in Calgary first then else where after ?