Burton Lays Off Some Cuts Pay To The Rest

by The Editors on March 25, 2009

No surprise here, but looks like Burton was also forced to make some changes to the way they are doing business thanks to the current “no buy” economy, according to the Burlington Free Press.

The cuts include layoffs of “less than 5 percent of its staff in North America,” and a decision by company founders Jake and Donna Carpenter to eliminate their own salaries. . . . “This has been a very painful process for us, and considering the global economic situation, we’ve done everything in our power to save as many jobs as possible,” Burton CEO Laurent Potdevin said in a company news release. . . . “Our goal this entire year has been to cut as many costs as possible on a global level, like sales meetings, travel and new hires so that we could avoid cutting people. Instead of a much larger number of layoffs, we decided to take a different approach, which is temporarily reducing salaries on a sliding scale from 0 to 15 percent for employees in North America.”

Smart business actually.

[Link: Burlington Free Press]

{ 1 comment… read it below or add one }

snocon hq March 25, 2009 at 3:31 pm

Wow, even Burton got hit hard in this recession.

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