Apparently Merrill Lynch has announced a new sick day policy. After missing four days of work, the company can start deducting an employee’s pay. And if an employee misses nine days of work, he or she will be fired. And by the way, this policy applies to Merrill Lynch’s admin staff and not its investment bankers. Seems a little ruthless doesn’t it?
Update - May 24, 2007: New York media news Web site Gawker originally broke this story and said that the new sick policy applied only to Merrill Lynch’s admin staff. A follow up article from Bloomberg said it was for all employees. The report also said that the company cut the number of sick days for employees from 40 per year to only three. You can read that story here.







