Rogers offers four day week? Does this mean 20% less work?

Rogers Publishing, Canada's largest magazine publisher, is asking employees to cut their work week to four days and their pay by 20%. According to a story in the Toronto Star, the plan -- for which employees must apply by January 26 -- is voluntary and those who take it up must commit to it for the rest of 2009."The four-day work week offered to publishing employees is purely voluntary and time