Reader's Digest worldwide cuts back, imposes unpaid vacation

Employees of Reader's Digest Association, including its Canadian division, will be sharing a certain amount of pain as part of the company's "recession plan", according to a memorandum circulated to all staff by Mary Berner, the company's president and CEO. Not only are 8% of employees to be let go, but most who remain will be forced to take one week of unpaid vacation. The so-called "shutdown