I'm happy you were able to keep your job. We went through a restructure about a year ago. Our hours were cut too but we kept our rate of pay. I was just happy to keep my job.
Layoffs are so demoralizing. Looks like you are evaluating the good with the bad. Keeping fingers crossed that you stay where you are and that things will look up soon.
Sorry about your job. It doesn't look like it is going to get better soon. That drive sounds horrid. Come to Texas, I think things are some better here in the large cities.