Credit crunch, convenient excuse?

No, I don’t mean what you think. 

The company that made me redundant at the end of last year ( remember, just in time for Christmas) has, this week, cut all employees salaries by 10%. Companies are getting away with treating their employees like s**t and using the credit crunch as the excuse.

Yesterday, another colleague was made redundant. No package. Nothing. Nada. Zip. Nice huh?