Merrill Lynch Sick Days Memo: Worse Than We Thought!
When we posted the memo from Merrill Lynch about its cruel new sick days policy, we had a good chuckle at their expense and kind of forgot about it. What do we know from investment banks! Not our beat! Whatever! But it turns out that some actual financial journalists noticed, too. And they explained things to us.
Bloomberg News reported:
Merrill Lynch & Co., the world's biggest brokerage, cut the number of sick days employees can take without consequences each year to three from 40 so it can reduce the cost of absences.
Come again? Forty sick days to three? Oh, and the policy applies to all 60,300 employees, not just administrative staff. So now everyone's equally screwed!
Merrill Lynch Puts Curb on Sick Days to Control Costs [Bloomberg]
