From: Ad 

http://www.channelregister.co.uk/2007/03/28/circuit-city_fires_3400_store_worke
rs/

Wow....

"Circuit City is firing 3,400 store workers because it thinks it's
paying them too much. To rub salt into the wound, it is offering the retail
fat cats some severance and the chance to apply for their old jobs - at
lower wages. But only 10 weeks after they have been fired. This company is
all heart.

According to Circuit City, America's second biggest electronics retailer,
the pink slipees - about eight per cent of the company's staff
- are earning "well above the market-based salary range for their role".
Remember, these are store workers we are talking about. And it will replace
them with people at the going market rate.

In further cost-cutting moves, the company today revealed its intent to
outsource IT infrastructure operations to IBM in a $775m seven-year deal.
IBM is taking on 50 IT peons from Circuit City, but another 80 will lose
their jobs. Circuit City expects to reduce IT costs by 16 per cent over the
course of the contract.

Wall Street marked the retailer's shares up two per cent today on the news."

Can you fire someone just because you'd previously agreed to pay them a sum
which now you feel is excessive????

Good Lord....Maybe the Circuit city people can adopt the soviet approach in
response "It doesn't matter how little they pay us, we will always
work less".

Here in the UK (& probably the EU) the comp would be hung out to dry for that.

Adam

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