January 2009
People Management;1/29/2009, Vol. 15 Issue 3, p8
The article reports that U.S. President Barack Obama has ordered a pay freeze for all government employees earning more than $100,000 a year. Unemployment in the country has reached a 16-year high of 7.2 per cent. Many U.S. firms are also seeking alternatives to lay-offs such as Tropicana Casino & Resort which has frozen top-level salaries, and car firm Avis Budget Group which has decided to freeze management pay to keep job losses down.


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