Slashing salaries bears watching

The Ministry of Labour wasted time and energy last month making ridiculous noises about regulations to forbid employers from firing staff. Instead they should have gotten ahead of the curve and provided guidelines when employers slash salaries. Mass salary cuts from a wide range of businesses in all sectors are in the headlines. This is inevitable in these unprecedented, harsh and unclear business times due to the State of Emergency and its backlash. There could be thousands of bankruptcies and business reductions in the wake of this pandemic’s devastation. Hundreds of thousands of employees will be affected in some way.…
Read More