{"id":176791,"date":"2020-03-20T19:17:00","date_gmt":"2020-03-21T00:17:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2020\/03\/20\/ok-this-sucks\/"},"modified":"2020-03-20T19:17:00","modified_gmt":"2020-03-21T00:17:00","slug":"ok-this-sucks","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2020\/03\/20\/ok-this-sucks\/","title":{"rendered":"OK, This Sucks"},"content":{"rendered":"<div>Because of the economic implosion from the corona virus, my employer, Kingspan (Tate Access Floors) is <a href=\"https:\/\/www.reuters.com\/article\/health-coronavirus-kingspan-group\/kingspan-to-cut-all-pay-by-40-for-two-months-letter-idUSS8N2AL01G\">cutting wages for all of its employees by 40% in April and May, and suspending its dividend<\/a>.<\/div>\n<p>Kingspan will continue to pay 60% to workers who have been locked down to those who are required to shelter in place, which is a rather humane approach to all of this.<\/p>\n<p>Truly shared sacrifice is something to be supported.<\/p>\n<p>Considering my &#8220;Pinko&#8221; proclivities, this is an opportunity for my butt to cash checks that my mouth wrote:<\/p>\n<blockquote><p><span style=\"color: blue;\">Kingspan will cut executive pay by 50% and implement a 40% cut for the rest of its 14,500 staff for two months due to unprecedented production and demand disruption from coronavirus, according to a letter to staff obtained by Reuters on Thursday. <\/p>\n<p>\u2026\u2026\u2026<\/p>\n<p>Kingspan, which earlier announced it would withdraw its proposed final dividend for 2019 and had a strong balance sheet with more than 1 billion euros in cash and committed undrawn bank facilities, would also immediately freeze all spending that is not business critical, Murtagh said in the message to staff.<\/span><\/p><\/blockquote>\n<p>Needless to say, things will be tight for a while.<\/p>\n<p>If the governor locks down the state of Maryland, as have the governors of California, Pennsylvania, and New York, I&#8217;ll work from home.&nbsp; I have my work laptop at home, and can VPN in.<\/p>\n<p>Do not expect updates, as I try NOT to blog about my work.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Because of the economic implosion from the corona virus, my employer, Kingspan (Tate Access Floors) is cutting wages for all of its employees by 40% in April and May, and suspending its dividend. Kingspan will continue to pay 60% to workers who have been locked down to those who are required to shelter in place, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[450,422,572,458],"class_list":["post-176791","post","type-post","status-publish","format-standard","hentry","tag-employment","tag-family","tag-pandemic","tag-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/176791"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=176791"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/176791\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=176791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=176791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=176791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}