companies are adopting their own tactics to hold on to jobs:
By sharing employees' working hours for temporary needs of partner companies, clients, sister companies.
Share Costs for peak staffing with another company
Adopt a 5% salary cut - costs less than a 5% layoff because there are no severance payments.
companies can reduce employees' work hours and make up the difference through unemployment benefits.
can re-train existing staff to do more, or alternate jobs.
offer employees a chance to take one month of unpaid leave during the first half of this year.
cut on business travel costs to cover salaries of employees who do not travel.
