Quote JohnG="JohnG" Commission & bonus are extras and, a bit like overtime, should never be relied on as always being there.'"
Not many sales jobs exist without them. We take lower salaries with the payback that if we secure revenue we'll be rewarded.
Quote JohnG="JohnG" Still not as bad as a cut from £18000 down to £12000.'"
My income is reduced by significantly more than that proportionately and absolutely [iand [/i with immediate effect. There's no 3 year moratorium here.
Quote JohnG="JohnG" I assume you're in a non-union business..'"
Correct. Had it been a unionised business and the union & workforce opposed the changes the company would have folded and I'd have been jobless.
Quote JohnG="JohnG" Have you still got your house? Some of the Refuse Workers may lose theirs..'"
Yes. We were in arrears for two months and will be again next month.
The bin men have a 3 year moratorium before they'd be facing any arrears and even then that would be if they chose not to find alternatative employment in the intervening 3 years.
Quote JohnG="JohnG" How many employees are there ? Over a certain size they have to have a Consultation Forum and this should have been discussed there..'"
150 odd.
Quote JohnG="JohnG" sounds like you've got a poop employer - I bet the senior mangement aren't facing the cuts etc. '"
Actually, they took 12.5%, and as shareholders probably lose a good deal more than that.
The issues are that overall revenues are down due to the recession; clients are paying more slowly and the bank has cut the company overdraft. All big impacts on cash flow.