We had a meeting at work triggered by an EU wide letter from the companies home office in Memphis. I'll admit I feared the worse but it only went on about a freeze on internal promotions and cost cutting at all levels which includes no wage rises until March 2010. Our part of the company negotiated a pay rise last December but it never got the final sign off from the European head cheese so right now we don't know if that is going to be negated by this decision.
It's not great news but I'm still working and nothing has been said about redundancies or short time let alone a wage cut in the manner announced today by the workers of Toyota in the UK.
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