There wont be any pay-cuts and there will still be MI. However, there is no mid year bonus. Unlikely to have year end bonus too.
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Originally Posted by Unregistered
Don't be a bloody idiot yourself as well.... Promotional/Merit Increments are permanent, paycut due to recession is temporary. Paycut can always come from MVC, once economy recovers, the MVC will revert back to 100%. If the paycut is across the whole CS, then why is that unfair to those who just got promoted? Then isn't it even more unfair to those who has hit their ceiling and has not received any increment for the past X years? What a joke...
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