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Mandatory furloughs at SBS

J

JayVel

Guest
Our CEO Raul Alarcon circulated a system wide email requiring all employees to select one week off without pay from now to end of year. Obviously quite a blow to us who work hard for our paycheck. One week vacation without pay. Why don't you take a few weeks and stop collecting your paycheck instead. Thanks a lot.
 
I don't know a thing about the financial condition of SBS, but these are not the best of economic times, and among the many management options for saving employee expenses, spreading a little pain all around, like this, is probably preferable to giving permanent pink slips to a number of employees. You will be taking a 1/52nd cut in your annual pay, and getting an extra week off to relax and enjoy yourself. The alternative could be that some people will lose their jobs permanently, and one of those people might be you.

In the last few years, that approach has worked well in avoiding layoffs at many companies, especially in Europe where some employees took big voluntary cuts of a third, or even half, of their work time, in order to save everybody's job. They call it job sharing.

I once lost a job when the Alarcon's bought the station, I don't speak Spanish and was glad to be moving on. If you are unhappy with these kinds of management decisions, do yourself a favor and look for another company to work for.
 
TimeIsTight said:
I don't know a thing about the financial condition of SBS, but these are not the best of economic times, and among the many management options for saving employee expenses, spreading a little pain all around, like this, is probably preferable to giving permanent pink slips to a number of employees.
Click to expand...

Or, perhaps, they have figured out a "clever" way to pay for their new morning guy who will be making more than any one-week savings in payroll.

Yahoo Finance reports that the CEO of SBS makes $1.6 million.
 
TimeIsTight said:
I don't know a thing about the financial condition of SBS, but these are not the best of economic times, and among the many management options for saving employee expenses, spreading a little pain all around, like this, is probably preferable to giving permanent pink slips to a number of employees. You will be taking a 1/52nd cut in your annual pay, and getting an extra week off to relax and enjoy yourself. The alternative could be that some people will lose their jobs permanently, and one of those people might be you.

In the last few years, that approach has worked well in avoiding layoffs at many companies, especially in Europe where some employees took big voluntary cuts of a third, or even half, of their work time, in order to save everybody's job. They call it job sharing.

I once lost a job when the Alarcon's bought the station, I don't speak Spanish and was glad to be moving on. If you are unhappy with these kinds of management decisions, do yourself a favor and look for another company to work for.
Click to expand...

I think you need to get measured for a new corporate suit. Apparently the one you currently wear is cutting off circulation to your brain.

That or you're just an idiot. Regardless, radio is better off without people like YOU. That corporate Wall Street "make all the sacrifices and watch me keep taking my fat paycheck" mentality is what has killed radio.
 
I think you need to get measured for a new corporate suit. Apparently the one you currently wear is cutting off circulation to your brain.

That or you're just an idiot. Regardless, radio is better off without people like YOU. That corporate Wall Street "make all the sacrifices and watch me keep taking my fat paycheck" mentality is what has killed radio.
Click to expand...

Whoa !!!! A little "over reactive" or what? I was merely stating facts, all of which are true. It's a bad economy, and other companies have been doing the same job sharing thing across the world. I did also say " I don't know a thing about the financial condition of SBS" and I suspect you, and most on this board don't know either. I just looked, and SBS reported a $6.1-million loss for the latest quarter, and its stock price is down 88% over the last five years, and down 40% so far this year. That is not a company that is doing well. But, we have no indication, one way or the other, that management hasn't also taken a similar compensation cut, although they may be taking it another way. If they own stock, they lost 40% since New Year's Day, that's a much bigger hit than taking a week off without pay isn't it?

It may surprise you to know that I agree with you about "That corporate Wall Street "make all the sacrifices and watch me keep taking my fat paycheck" mentality is what has killed radio." Actually, there are signs that it may be ruining more than one small industry, like radio. It could be ruining American society, and its chances for future economic growth. But this is a radio board not an economics board.

Possibly you took things I said the wrong way, but my "hint" about looking for another job was based on things I heard from people I knew who worked for the Alarcons about their prior business practices. But I don't know those things to be true so I won't repeat them.

I merely suggested that if the poster is unhappy working there, based on his own judgment, he might want to leave for a better job situation.
 
TimeIsTight said:
I don't know a thing about the financial condition of SBS, but these are not the best of economic times, and among the many management options for saving employee expenses, spreading a little pain all around, like this, is probably preferable to giving permanent pink slips to a number of employees. You will be taking a 1/52nd cut in your annual pay, and getting an extra week off to relax and enjoy yourself. The alternative could be that some people will lose their jobs permanently, and one of those people might be you.

In the last few years, that approach has worked well in avoiding layoffs at many companies, especially in Europe where some employees took big voluntary cuts of a third, or even half, of their work time, in order to save everybody's job. They call it job sharing.
Click to expand...

Call it what you will but if the highest paycheck isn't willing to share the famine like he's ordered the small ones to do...there's another word for it. That would be "unfair".
 
"Unfair"???

Who ever said radio was "fair"? 27 years in the industry myself, and I must've missed that memo. Maybe it was the one after the one that wished me well "in all my future endeavors". Got that one a few times...

Now, repeat after Uncle Hunter...

"The radio business is a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs. There's also a negative side."

Hunter S. Thompson
 
No business is really "fair". Hell, life is pretty unfair too.

Radio: This is the life we've chosen, either accept it, run your own mega-corporation and try to change things incrementally or switch to another career that you perceive to be more "fair". Then of course, find out it's the same with different furniture.
 
Exactly.

And, none of that other furniture makes fluorescent tubes glow without being plugged in! ;D
 
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