with how things are going just now sign it, my firm told us there would be a 10% pay cut or we could take redunduncy, we all took the pay cut and still have jobs, with the current climate beggars cant be choosers, better to have a lower wage and be able to pay the bills than be jobless, if you dont agree they will probably pay you off and get sum1 to work for less than they are offering you. BELIEVE ME people will work for less than you think in the current climate, this credit crunch sucks, starting to think ill start selling drugs