Change in Compensation


#1

If a Taiwanese or Foreign firm is planning on cutting salaries by a certain % and offering stock options to make up the difference, when and how does it have to notify the employees?

Can they get away with verbally divulging this info 3 days before your salary (minus 30%) hits your hand?


#2

It is an excellent question, and one that has not come up before. It seems to me that someone needs to check with the Bureau of Labor Affairs of your local city/county government. The officials there should have a better insight into the legality of what your company is attempting to do.