To keep workers, local companies cut everyone’s salary

[proud2BlibKansan]

Everybody at Pretech Corp. has taken a pay cut — but all the employees are working.

The Kansas City, Kan., manufacturer of precast concrete products reduced its workweek to 32 hours so that all employees remain on the payroll at their same hourly rates with employer-paid health insurance. The Bundschuh family, which owns the business, is digging into the money earned over the years to keep going.

“We haven’t laid off anybody, and we’re doing our best to hold on to all of them,” said company president Bill Bundschuh. “We have a lot of good people working for us.

“We don’t have enough work out there right now, but when things turn around, we’re going to need these guys. It could take us 15 years to get back this quality of staff if we let them go. We have to look to the future.”

http://www.kansascity.com/703/story/1113283.html

[provis99]

1. Good to see they're thinking longterm.

Family-owned companies, imo, take long-term scenarios into more account than limited liability corporations, which seem to care more about dividend shares for the next quarter.

[BlooInBloo]

2. That's what Microsoft did to its contractor force....

Well, except that MS posted a $4 billion profit in the 4th quarter. Fuckers.