Salary Cuts

Karnataka IT employees denounce retrenchment, salary cut during lockdown; seek Centre's intervention

The employees union extended all support to the affected employees and requested them to refuse to resign if asked to do so by the managements.

Jet Airways decides against 25% salary cut for employees; staff refuses to bail out troubled airline

Employees are not in favour of a pay cut to help the airline firm to tide over financial woes faced with several challenges including a surge in fuel prices, a weaker rupee, and intensifying competition.

Jet Airways proposes to cut staff salaries to continue operations; who will blink first?

Whatever here on, the employees of the airline must be prepared for some tough times ahead as cost cutting reaches a fever pitch.

Brokerage top brass take pay cuts as earnings fall

company's performance depends on how the CEO steers it and is tied to his/her performance. As a CEO's pay is proportionate to the company's income, it is only fair that when the going gets tough, the CEO should take a pay-cut.