fashion-memopad
fashion-memopad

Memo Pad: Monica Bellucci Revealed... Hachette Pay Cuts...

Monica Bellucci graces the cover of French Elle in a white Christian Dior cashmere sweater, but not a lick of makeup on her face.

fashion-memopad/news



PAY CUTS: Hachette Filipacchi Media became the latest publishing company to implement pay cuts, according to a memo by chief executive officer Alain Lemarchand released Tuesday and first obtained by Gawker. The memo stipulates salary cuts of 6 percent of all exempt employees and 3 percent of nonexempt employees. Nonexempt employees, who are entitled to overtime while exempt employees are not, will see their workday changed from seven-and-a-half hours to eight, reducing the amount the company pays in overtime. A spokeswoman declined further comment. She also addressed a report in the New York Post last month that Hachette was considering moving downtown from its Midtown West offices to cut expenses, which some at the company had privately attributed to a bargaining tactic with the landlord at 1633 Broadway. The spokeswoman said, “Moving downtown is an incorrect rumor. We haven’t made any decisions on a move.” — Irin Carmon

 

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