Thursday, October 28, 2010

Wage Cut Story

from here.

"We're a little unique," said Capt. Joseph Frohnhoefer of Southold-based Sea Tow International. His company not only serves boaters in distress, but also assists in situations like the recent Gulf of Mexico oil spill. Sea Tow has also diversified into building pontoon boats to work on at oil spill sites, he said. His workers are also involved in reseeding oyster beds in southern states, he added.

When the stock market crashed and companies began laying off workers in 2008-09, Capt. Frohnhoefer asked his staff to take a 5 percent pay cut to save jobs. They agreed and, within a few months, Sea Tow was able to restore the pay cut, he said.

1 comment:

darkmuse said...

hard to disagree with Capt. we all so unique, everyone of US!