Disguised/hidden Job Cuts

Discussion in 'Economics' started by talknet, Jan 26, 2009.

  1. talknet


    Caterpillar said "it was freezing salaries of most employees, significantly reducing the total compensation of executives and senior managers, putting several facilities on shortened workweeks, and subjecting thousands of employees to temporary layoffs."

    Freezing salaries, Salary cuts, Reduced compensation = Job Cuts in disguise. They will have the same effect as job cuts on world economy because the consumer spending capacity is reduced.
  2. that isn't true