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Take 30 Percent Pay Cut or Leave, Red Square’s New Management Tells Staff – East Village – DNAinfo New York

(DNAINFO) y Allegra Hobbs | October 26, 2016 — Several workers say they were told to accept the roughly 30 percent decrease in pay or get out.

The management company taking over the Red Square rental building on East Houston Street slashed the salaries of doormen and maintenance workers by roughly 30 percent — and several staffers said they were given ultimatum to either accept the lower pay on the spot or not come back.

Residents at the 250 E. Houston St. apartment complex received letters on Oct. 20 announcing the purchase by 250 Houston Investors, LP under the management of Dermot Realty Management Co., along with a host of upgrades coming to the building, such as apartment renovations and added amenities pledging to “[elevate] your living experience.”

But the change comes at a price for longtime workers at the residence who say reps of Planned Building Services — the group maintaining the building under new management — served them contracts mandating steep pay cuts, telling the workers they had to either sign off on the reduced wages immediately or find a new job.

Source: Take 30 Percent Pay Cut or Leave, Red Square’s New Management Tells Staff – East Village – DNAinfo New York