Duke Energy is freezing salaries

December 21, 2008 1:38:07 PM PST
The financial crisis is putting a squeeze on the energy business.Duke Energy is freezing salaries for half of its 18,000 workers next year.

Managers and supervisors will be impacted, but the freeze will not affect hourly workers.

The Charlotte-based utility company supplies energy to four million customers.

Its third-quarter net income dropped 65 percent from last year.