I am now working in this company for 1 year and 4 months. I was offered a pretty good salary when I was hired. I signed a contract for 3 months under an agency. After the probationary period of three months, I was expecting to sign another contract for my extension but there was none. I didn't mind, just as long as I am still receiving my salary every payday.
The company then decided to lower down the rate of their employees with the same position as mine. I consider myself lucky since I am now the only one who has the same salary, maybe because I'm in a very important assignment now. Many of my colleagues have resigned already since they did not accept the offer. My fear is, any moment the HR can call me and offer the same, and there's nothing left for me to do but to submit my resignation. Who would accept a salary that's only 33% of your original pay?! Much lower than what I had on my first job 4 years ago?
Is it legal? Salary downgrading?