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Well, this is not the way to create a loyal workforce, and in the end, it will come back to bite them. But in the cold hard world of business, owners want to maximize profits. If they can, they will. If they lower your salary, and you accept it, then that is that. My guess is there is more going on here than what we just read. Like, jobs will be lost if salaries are not reduced. I have seen this happen at companies locally before. When the business climate improves, so do salaries (or people leave)
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Happy to be back at Club Cobra!
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