I suspect that some of the good employees who aren't saddled with a mortgage will find this as an omen to pack up and leave Florida all together. Those who are jusk eeking by with a mortgage are going to be crushed.
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Legendary Inc. cuts wages 25%
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I suspect that some of the good employees who aren't saddled with a mortgage will find this as an omen to pack up and leave Florida all together. Those who are jusk eeking by with a mortgage are going to be crushed.
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Beachmouse, what kind of security problems are they having?
There is more to it than reducing salaries and hourly payroll costs 25%. They are banking on a number of people leaving which will reduce the number of workers and what they pay them. So, when the season starts they will not have to pay as much as this year and will ask the employees who stayed to do more work for less pay. Brilliant!
"Brilliant" won't exactly describe the caliber of employees who will put up with this type of treatment. Emerald Grande may just have to rebrand as "Motel 6."
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There was a person (IIRC one of the housekeepers) beaten and left in a stairwell at EG and I've never heard f they caught who did it.
As an employee, I'd be a little upset every Thursday and Friday at the fireworks display
Perfect. The economy is down, prices of everything is up, talk of increased taxes to cover the cost of war, and companies have to cut employees and or wages in order to stay alive.
Rheffron sounds like he/she knows how the cutting salaries works. If the business cuts the salaries, rather than laying people off, Legendary doesn't have to pay unemployment to the staff whom they let go. If they fire the staff, Legendary has to pay a substantial amount of the unemployment pay to those people.
I read today that popular real estate website company, www.zillow.com, was cutting 25% of their entire staff. Nascar is also taking a huge hit, with pricey advertising (on the cars) being the first thing for large companies to cut with an chainsaw. The halt on spending in America seems to be crunching everyone. I was talking with the owner of several car dealerships this morning, and they told me that their finance company was not lending money to people with excellent credit, for auto loans. Their sales stopped a couple of months ago.
Rheffron sounds like he/she knows how the cutting salaries works. If the business cuts the salaries, rather than laying people off, Legendary doesn't have to pay unemployment to the staff whom they let go. If they fire the staff, Legendary has to pay a substantial amount of the unemployment pay to those people.
I read today that popular real estate website company, www.zillow.com, was cutting 25% of their entire staff. Nascar is also taking a huge hit, with pricey advertising (on the cars) being the first thing for large companies to cut with an chainsaw. The halt on spending in America seems to be crunching everyone. I was talking with the owner of several car dealerships this morning, and they told me that their finance company was not lending money to people with excellent credit, for auto loans. Their sales stopped a couple of months ago.
:roll: Is your comment a reflection back on Bos' statement of what he wanted people to say when they entered the restrooms at Emerald Grande? I believe he used the other word to describe the Wow factor he wanted to impress upon guests and owners.All I can say is "holy crap."
But then you knew all this and more are coming down the pike...right Smiling Joe?
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Ya know, when I first read this article I wasn't quite sure what to think about them cutting pay 25%...only "holy crap" came to mind. My heart goes out to the hard-working folks on the bottom rung of the pay scale whose percentage of basic living expenses is a huge slice of their take-home pay in relation to "upper management."
I envision the meeting between Bos and the "management" folks went something like this.
Bos: Lookee here folks--the economy is going into the crapper and revenue is drying up...I've gotta make some cuts somewhere so here's your two options:
Option #1: We cut 25% of the staff and you guys are gonna have to pull double shifts and hump bags, clean the pool and scrub the toilets....OR
Option #2: We cut 25% of everyone's paycheck and you can keep all your "family members" on board to do these menial tasks.
Management: If we cut their pay, what will we do to keep them from quitting?
Bos: Just tell them that if they quit, we'll blackball them from ever working here again.
Management: If they quit anyway what will happen?
Bos: Then we revert to Option #1
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