Showing posts with label Cost reduction. Show all posts
Showing posts with label Cost reduction. Show all posts

Wednesday, March 25, 2009

THE QUESTIONABLE EFFECTS OF THE ECONOMIC DOWNTURN

(Many companies have announced pay cuts and retrenchments. Interestingly, some of these companies are rumoured to have made profits in this financial year, not as huge as in the past years maybe, but profits nevertheless.)

The waves of salary are rolling back,
India Shining’s façade is starting to crack,

Some employers are jumping into the fray
To cut throats, despite a profit display,

Not ‘in the red’, they are just being Black.

Friday, February 20, 2009

Salary Cut: Do you know the reasons?

Do not sack, cut salaries says Pranab [Link]


Mr Pranab Mukherjee Finance Minister said
You can effect a cut in salaries to be paid
Five million are geting sacked
'Unemployed' they will be tagged
'My interim budget will require some foreign aid'