CA Governor Orders Layoffs, Pay Cuts

From the SF Gate: Governor orders layoffs, steep pay cuts for thousands of state workers (hat tip Hernan) Gov. Arnold Schwarzenegger … today ordered the layoffs of thousands of state workers and steep pay cuts for most other state employees … Cutting the pay of about 200,000 state workers to the federal minium wage of $6.55 an hour would save California as much as $1.2 billion a month, the…
Original Source: http://feeds.feedburner.com/CalculatedRisk

  31 July, 2008| housingblogs | @ 13:36

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