N. Idaho knife maker enacts pay cut - Spokane, North Idaho News & Weather KHQ.com

N. Idaho knife maker enacts pay cut

POST FALLS, Idaho (AP) - The head of Buck Knives says a slow economy has forced him to impose a 10 percent cut in pay across the company.

C.J. Buck , president of the Post Falls-based knife maker, says the move is intended to position the company if the economy doesn't make improvements.

The decision effects about 200 employees at the company's knife manufacturing facility.

Chief Operating Officer Phil Duckett says the struggles of their customers are having a ripple effect. Duckett said some have filed for bankruptcy, while others are buying fewer knives than anticipated.

The pay cut follows a round of layoffs last year when the company shed 23 jobs. The company moved to northern Idaho four years ago in a move to cut business expenses.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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