The Honolulu Advertiser is on a slippery slope -- the Gannett-owned newspaper's six unions are proposing that employees will take a 10 percent pay cut in order to retain jobs and benefits.

Here is the gist of the story, courtesy a reader and by way of the paper's website:

"The accord calls for a 10 percent pay reduction for workers as long as the newspaper's expenses are more than revenues, while preserving employees' pension, vacation, hours and overtime provisions. The contract, which runs through Dec. 31, 2010, was reached without workers having to take one-week furloughs that have been ordered for most other newspapers owned by Gannett Co."

The union membership will vote on the deal Feb. 8. Here's the link, to read the full story, posted Saturday:

http://www.honoluluadvertiser.com/apps/pbcs.dll/article?AID=2009901310321