Salary Reduction but I have a contract.
I have a contract that says I will be paid 55k and after 90 days it will be increased to 60k that at 90 days i was told they could not afford to pay me this. Now the company says they are having financial problems and are wanting to cut my salary by a unknown %. I was told my job description and title would not change and this did not affect my job in any way. I was also told that the CFO was not an officer of the company and could not make any type of employment agreement. Can a company legally not pay you what they put into an agreement they forced you to sign before you could be considered an employee?