Go Korea…well, at least South Korea

Union members of an Electrical company in South Korea have opted to reduce their wages by 20% in exchange for no layoffs.  An innovative way to deal with the employment crisis and economic downturn we’re all in.  I’d love to see more American companies offering employees options like this.  Of course, I’m not sure that US workers would make the same choice.

Koreans Take Pay Cuts to Stop Layoffs – WSJ.com.

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