According to an 8-K filed on March 13, 2009 by Spy Optic parent company Orange 21 the company has cut employee pay by 10 percent for at least three months.
Pursuant to the Reduction, the annual base salaries of the Company’s salaried employees were reduced by ten percent (10%) and the Company’s hourly employees were put on reduced work schedules that resulted in their compensation being reduced by ten percent (10%).
When you figure that nearly everything but fuel, food, and healthcare seems to be running at about 50% off it’s really not that bad.
[Link: SEC.gov via Outdoor Business Update]
This is a sign that nobody is immune in this mess.
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