Companies force workers to take unpaid vacation

Posted by Kendall Harmon

Here's the vacation no one wants, courtesy of the recession: Forced time off without pay.

Financially struggling universities, factories and even hospitals are requiring employees to take unpaid "furloughs" - temporary layoffs that amount to one-time pay cuts for workers and a cost savings for employers. This year, the number of temporarily laid off workers hit a 17-year high.

"If they do it once, I think it's easier for them to try to do it again," said Carrie Swartout, who researches traumatic brain injuries at the University of Maryland Medical Center. Maryland is requiring unpaid time off for 67,000 of its 80,000 employees as it struggles with a budget crisis. The state says the furloughs will save an estimated $34 million during the fiscal year.

Read it all.

Filed under: * Economics, PoliticsEconomyLabor/Labor Unions/Labor MarketThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--

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Posted December 31, 2008 at 5:01 am [Printer Friendly] [Print w/ comments]
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