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Monthly variable compnent (MVC)

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joey2

Monthly variable compnent (MVC)

Postby joey2 » Fri, 10 Dec 2004 12:13 pm

Hi,

Can anyone explain me what exactly MVC (monthly variable component) means? So far I understand, during the economic downturn company will start reducing salary by x% every month but not until it is required. Am I right?

Thanks for your help

Joey

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