Toyota cuts staff PAY by 10% to avoid layoffs
Sunday, March 15, 2009 at 2:52AM What a novel idea I wonder how many people would take a pay cut to save jobs of there fellow workers.
Maybe even a better idea would be a sliding scale based upon a full time wage.
Less than 50,000 a year 0% reduction
Less than 100,000 a year 5% reduction
Less than 200,000 a year 10% reduction
Less than 500,000 a year 15% reduction
More than 500,000 a year 20% reduction
I bet it would secure 100's of thoushands of jobs and than stimulate the economy by introducing confidence of the average person to spend money.
