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Brits would take pay cut to secure colleagues' job

Office Space
London, Apr 20: According to a new survey, about one third of the workers in UK are ready to accept a pay cut if it helped colleagues keep their jobs.

The research commissioned by campaign group Keep Britain Working showed that about more than 30 pc of the employees are ready to take pay cuts, while one in five would apply for a sabbatical on reduced pay.

Half of them said they would agree to change their role entirely if it helped avoid redundancies.

"There seems to be a new altruism at work. If people believe that being flexible about their own employment conditions will help stem job losses they will take on change and make personal sacrifices, especially if bosses do their bit," the Daily Express quoted James Reed, founder of the campaign, which is backed by both sides of industry, as saying.

However, the workers also wanted managers to make sacrifices themselves.

ANI

Sees progress on new Iran sanctions: US official

Washington, Mar 2: Major powers made progress on agreeing on new sanctions on Iran and hope to have their UN ambassadors begin drafting a formal UN Security Council resolution next week, a senior US official said.The official told Reuters that political directors representing the United States, Russia, China, Britain, France and Germany ''were able to resolve most of the issues'' in a two-hour conference call yesterday and hoped to complete their deliberations in another conference call tomorrow.Reuters.....
User Comments
Kamal Raj 21 Apr 2009 12:05 pm
"However, the workers also wanted managers to make sacrifices themselves." Interesting fact,I feel most of the Indian companies who are not even slightly affected by recession are now exploiting employees with cost cutting. I would love to see reports and notices which shows cost cutting factor uniformly throughout the organizational hierarchy and not just snatching the regular Joe's bread. This is not a sadistic demand its a socialistic plea.
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