NHL Lockout 2012: League-wide pay cuts go into effect

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Four-day workweeks and a corresponding 20 percent reduction in pay began for NHL staffers Monday as the NHL lockout has no end in sight.

The latest to be affected by the NHL lockout are the league's staff, whose pay was reduced by 20 percent and who will work four-day weeks. These changes became official Monday.

Although the loss in salary looks bad, it is to avoid bigger problems, according to Yahoo! Sports.

There would be no layoffs initially for the NHL in the early stages of the lockout. In fact this pay cut was positioned as a way to potentially avoid them later on.

During the NHL lockout in 2004, 50 percent of the league's staff was laid off.

The lockout is currently in its 16th day. The regular season was supposed to begin on Oct. 11. There is no end in sight, meaning that a portion of the season will almost certainly be cancelled. Several players have already signed contracts to play overseas but can opt out of those deals if the lockout ends.

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