Midwest Air to cut pay, CEO to take 40 percent cutBy 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)