Buck Knives Cuts Worker Pay, Hours

Item: Buck Knives cuts pay, hours: Workers take 10 percent hit due to economy /Brian Walker, CdA Press

More Info: Buck Knives has cut employee pay to try to weather the economic downturn. “Due to continued slowness in the economy, Buck Knives has implemented a companywide 10 percent reduction in pay and/or work hours,” C.J. Buck, president and CEO, said in a written statement. “We hope the economy is transitioning to a more robust state. However, we must prepare in case it does not.” Phil Duckett, Buck chief operating officer, said the situation will be reviewed on a month-by-month basis.

Question: Do you worry when you read local stories like this, telling of wage and hour cuts?