A memo from Craig Haslam - Bonneville International Director of Public Affairs:
In response to sustained, slow economic indices and market conditions that are producing below-projected revenues industry-wide, Bonneville International today announced to its employees a series of cost-reducing measures designed to trim operating expenses while at the same time continuing to produce high-quality products for its audiences and clients.
Among those measures implemented are salary reductions for its higher-paid employees, adjustments to vacation accruals and carryovers, elimination of company-participation health club memberships, and a reduction of holiday remembrances for employees.
“Our corporate management team and market managers,” said Bruce Reese, Bonneville president and CEO, “have looked at this very carefully and thoughtfully. We believe these adjustments are reasonable and necessary to maintain the health of our company and its valued employees.
“While we’re privately held,” he continued, “we’re not immune from today’s economic realities. Our ownership is not short-term in its approach to our business. I know that Bonneville continues to be a leader in this industry, especially in terms of the quality of the people who work here and the products they produce”
In response to sustained, slow economic indices and market conditions that are producing below-projected revenues industry-wide, Bonneville International today announced to its employees a series of cost-reducing measures designed to trim operating expenses while at the same time continuing to produce high-quality products for its audiences and clients.
Among those measures implemented are salary reductions for its higher-paid employees, adjustments to vacation accruals and carryovers, elimination of company-participation health club memberships, and a reduction of holiday remembrances for employees.
“Our corporate management team and market managers,” said Bruce Reese, Bonneville president and CEO, “have looked at this very carefully and thoughtfully. We believe these adjustments are reasonable and necessary to maintain the health of our company and its valued employees.
“While we’re privately held,” he continued, “we’re not immune from today’s economic realities. Our ownership is not short-term in its approach to our business. I know that Bonneville continues to be a leader in this industry, especially in terms of the quality of the people who work here and the products they produce”