Emplyoment Contract-Payment reduced

[Enigmaschild]

I have an employment contract that states I am a salaried employee at a set salary. It alos states that I would perform certain job duties for company at a specfied site, has at-will hire/fire policy and benefits clearly stated.
My problem is I signed this contract expecting to be paid a certain amount for a 40 hr work week and now my employer wants to reduce this pay rate by 5% because they took a finacial hit. My contract states a per hour pay rate and yearly rate. I asked for the legal justification in their ability to simply not pay me.

Contract signed for CT company based in NY

 

[lawrat]

They cannot lower your salary if they have not demoted you. So....you can do one of two things:


risk a lawsuit and hire a lawyer (by the way, expect you wont have a job after this) OR slowly look for another job, at a better rate.

 

[Enigmaschild]

Thought so

Thanks , that is pretty much what I had thought. Thankfully I'm highly employable and already have an interview scheduled for Tuesday.
My resume rocks!!!
I'll call a lawyer and maybe this could be a class action suit I hate to see the rest of these folks get screwed out of their paychecks. Most of them are terrified to speak up or even question, I'm thankful I'm in a postion where I can question and take the loss if (when) it comes. Any recommendations on a good class action lawyer?? This affected thousands of employees and could be a hefty payday for the lawyer.