For those of you following our budget shortfalls last year, the sacrifices people made to save the jobs of their fellow workers, and the updates over the last few months, here is the final chapter, an email sent on this past Monday:
As promised, I am getting back to you with our financial results through January, and the plans with regard to restoration of raises. The short story is that we are meeting our budget plans, and so I feel comfortable committing to you that we will restore raises soon. The easiest and fairest way to do this is to start effective April 1, since that is the date we stopped giving raises last year.
I want to thank all of you for the sacrifices you have made in support of your fellow workers. We were able to avoid hundreds of layoffs last year because everyone stepped up to the plate and helped out. This is a marvelous reflection on people working here and the sense of community we share.
Lisa Zankman, our SVP for Human Resources, will publish an email with the details in the next few days. Stay tuned.