12-29-2021Quote:
So in a way, that's exactly what they are doing. They are getting tax payer money to distribute to their employees that they won't have to pay back, as long as they don't furlough or reduce pay rates until October 1.
On top of that, they are also asking people to self furlough for those that can.
Call it what you want, but that's having your cake and eating it, too.
I'm not saying I blame them. I have no idea how bad the books look. But let's call a spade a spade.
Originally Posted by blindfayth
Except the stipulation about the grant portion of money is *specifically* only to be used for paying for wages, salaries, and benefits to workers Based on salary and wage data from this time last year, as is stated in sec 4113(a)(2) of the cares act.So in a way, that's exactly what they are doing. They are getting tax payer money to distribute to their employees that they won't have to pay back, as long as they don't furlough or reduce pay rates until October 1.
On top of that, they are also asking people to self furlough for those that can.
Call it what you want, but that's having your cake and eating it, too.
I'm not saying I blame them. I have no idea how bad the books look. But let's call a spade a spade.
Yes, I think we’re on the same page here. My point was merely that if you’re expecting to still receive a paycheck as a result of this grant after taking VLOA/TOWOP then you’re probably going to be waiting for something that isn’t coming. I agree that the company is pushing LOA programs in order to pocket a greater sum of the money and in a perfect world maybe it allows them to stretch it a bit further. That said, anyone who thinks mass numbers of people taking a VLOA will have any effect on whether or not there are furloughs in the Fall is misguided. It’s pretty simple, if demand looks like it will be rebounding, we all stay. If it’s still a dumpster fire, some or all of us will be furloughed. It doesn’t matter if 1 or 1000 offer to take a VLOA over the summer.
