Our small manufacturing firm,which makes high-tech devices used in the utilities industries, had a round of layoffs four months back; those who survived took a 10 per cent reduction in compensation, except for the President who took a 100% reduction in compensation. At the time we were hemorrhaging due to the national recession. By buckling down on a series of new and innovative products we have clawed our way back to breakeven and the future is looking profitable. We hope to get our 10% back in a couple of months.

A