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December 31, 2008

More workers forced to take unpaid time off

  • The number of temporarily laid off workers has hit a 17-year high, in both public and private sector jobs.
    • By ELLEN SIMON
    AP Business Writer

    NEW YORK — Here's the vacation no one wants, courtesy of the recession: Forced time off without pay.

    Financially struggling universities, factories and even hospitals are requiring employees to take unpaid “furloughs” — temporary layoffs that amount to one-time pay cuts for workers and a cost savings for employers. This year, the number of temporarily laid off workers hit a 17-year high.


     
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