I’m afraid I have to bring an apology.
Danish electronics retailer FONA are losing money and have consequently told their employees to accept a 10% pay cut or they will be fired.
I predicted on Friday that this would lead to a drop in employee happiness, customer service and sales and end up costing FONA more than they save.
But it turns out I was wrong!! You see, a journalist has concluded that there is no ill will towards the company’s salary cuts. Employees don’t like it but will accept it, he writes.
He concludes this after having visited 3 stores and talking to 2 store managers.
So I was clearly in the wrong and companies can cut employees’ wages with impunity and no risk of negative effects :)
Yes, I’m being sarcastic :o)
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