Blog Assignment # 4 Nucor Steel

The most interesting thing I found out about Nucor Steel was that they don't lay off personnel during times of recession or when the economy is slow. Instead they shorten the work week. This way the average worker keeps their job and the company saves money. The best part is, the average floor worker may only lose about 5% of his or her yearly salary but people at the upper echelon of the company such as CEO's, CIO's, Presidents, and Vice Presidents may loose as much as 80% of their salary, so they dont sit around getting rich while their plant workers are losing everything they have. So they have an interst in getting the company back to where it should be as soon as possible because they are losing money too.