Furloughs Increase as Companies Cut Costs
Taking an extended vacation sounds like a dream, except when time off is involuntary and unpaid. To cut costs, more employers are implementing mandatory leaves from work, commonly known as furloughs. For a look at what this growing trend says about the workforce?and for some tips on how to navigate your own unpaid leave?The Takeaway is joined by Beth Kobliner, a personal finance expert and author of The New York Times best-seller, ?Get a Financial Life.? We also talk to Jason Ramirez, who was recently furloughed from working in web design and video production in Los Angeles, and Tim Kirkwood, a flight attendant and author of “The Flight Attendant Job Finder & Career Guide” and partner in AviaNation.com. He’s been on full-time furlough since April 1, 2009.
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