you still have a job...correct? you still have profit sharing, ...benefits, correct??? stop crying,,,,you should fill LUCKY you have a J O B!!!!! YOUR COMPANY WANTS TO MAKE SURE IT STAYS PROFITABLE, SO PEOPLE LIKE YOU CAN KEEP THERE JOB! GET OVER IT, OR GET OUT!
I work for Walgreens not as an MGT but as a store manager. I have been recruiting MGT's for a vary long time. I strongly believe that all mgt's have a reason to be upset. When Mgt's are hired they are given their yearly salary based on 44 hours. This overtime is unfortunately the only thing that makes the salary competitive for a college grad even in todays job market. Most that i know could find an entry level job with a different company making the same amount of money without the weekends, nights, or holidays. I encourage all MGT's to find another job. Perhaps then they will wake up. For Walgreens management to think that they are offering a competitive salary is ridiculous. I am not convinced that we were at the point that we need ed to cut pay yet after all we still made more than 400 million last quarter. If we are cutting pay than I believe that it needs to be across the board. The mgt's have about the crappiest job in the company and are now compensated very poorly. As a store manager I would happily give up my bonus to keep my MGT's happy. They are the only reason for most of our success.
"Most that i know could find an entry level job with a different company making the same amount of money without the weekends, nights, or holidays."
What planet is your store on? There are NO JOBS available at this time and most employers are laying off not reducing the hours by 4 per week. Your store budget didn't even get cut by the 4 hours overtime, just the MGT was reduced. They wouldn't be able to do this if they didn't find that they are still competitive paying the assistant managers at the 40 hour rate. It should give them more incentive to get in the next ADSM class and eventually take YOUR job! As an investor I SUPPORT ALL OF THE CUTS AND REDUCTIONS!