The Cauldron: A Pagan Forum Backup

Cauldron Basics (All Members Can Post) => Backup News Posting (For When Main Board Down) => Topic started by: mandrina on July 03, 2008, 07:37:43 am



Title: Midwest airlines has an attack of reality
Post by: mandrina on July 03, 2008, 07:37:43 am
Midwest Air to cut pay, CEO to take 40 percent cut (http://news.yahoo.com/s/ap_travel/20080702/ap_tr_ge/travel_brief_midwest_cuts;_ylt=ArO3oU9VwINxEI5tZV.Gvn6s0NUE)

By EMILY FREDRIX, AP Business Writer Wed Jul 2, 4:59 PM ET

MILWAUKEE - Midwest Air Group Inc. is cutting pay for many employees, including its chief executive, who announced Wednesday he would take a 40 percent pay cut.
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The airline must make changes as it continues to try to absorb rising costs, such as fuel, Tim Hoeksema told employees in a memo. He said the company needs to cut back because its costs are much greater than those of others its size.

according to the article, the Ceo will take a 40 percent pay cut.  the rest are all under 15 percent.  Other senior anagement are taking them too.

(Edit:  Fixing typo in subject and making headline link to prevent long URL from sidescrolling.  No content changed.  --Star)



Title: Re: Midwest airlines has an attack of reality
Post by: nikkiwitch on September 22, 2008, 09:39:11 pm
Midwest Air to cut pay, CEO to take 40 percent cut (http://news.yahoo.com/s/ap_travel/20080702/ap_tr_ge/travel_brief_midwest_cuts;_ylt=ArO3oU9VwINxEI5tZV.Gvn6s0NUE)

By EMILY FREDRIX, AP Business Writer Wed Jul 2, 4:59 PM ET

MILWAUKEE - Midwest Air Group Inc. is cutting pay for many employees, including its chief executive, who announced Wednesday he would take a 40 percent pay cut.
ADVERTISEMENT

The airline must make changes as it continues to try to absorb rising costs, such as fuel, Tim Hoeksema told employees in a memo. He said the company needs to cut back because its costs are much greater than those of others its size

All of this bad news makes me want to go to bed and pull the covers over my head.

according to the article, the Ceo will take a 40 percent pay cut.  the rest are all under 15 percent.  Other senior anagement are taking them too.

(Edit:  Fixing typo in subject and making headline link to prevent long URL from sidescrolling.  No content changed.  --Star)