2.0
5 Dec 2012
Current employee
Recommend
CEO approval
Business outlook
Pros
Consistent positive earnings and shareholder returns (401K match is in Paccar Stock)
Cons
Kenworth Division employees forced to take 2 weeks of their vacation with less than 1 week notice in 4th quarter this year (and in 2009). If not enough vacation time, then required time off without pay. With $1.7 BILLION in cash reserves. CEO Mark Piggot gets $266 MILLION from this season's special dividend. The employees? Disrupted family schedules, forced vacation that many managers cannot really "take off".... and reduced pay at holiday season if no vacation available.