"...Employees were prepared for salary cuts between 2 1/2 percent to 5 percent. Last Feburary, former EDS employees had their salaries sliced by hp by 2 1/2 percent. In April, more cuts with salaries slashed another 10 percent, that 10 percent figure was restored a month later but the email received by the employee this time indicates nothing surgical in the wage cut.
"My pay is being reduced a total of 29 percent, 20 percent effected Sept. 1, the additional 9 percent effective Sept. 1, 2010," the man said. That's nearly a 32 percent salary cut for one employee in two years time -- more than one-third of his base salary. The cuts push him back to the salary he earned working the same job in the same building more than 10 years ago. Other former EDS employees said that under Hewlett Packard, they've experienced salary cuts of between 10 percent and 47 percent.
A spokesperson for Hewlett Packard said not all former EDS employees face wage cuts and that the salary realignment," enables hp to effectively drive its pay for performance strategy with a consistent job-based foundation for rewards, development and organization planning," said an hp spokesperson...."
http://www.nbcphiladelphia.com/news/tech/HPs-Huge-Salary-Cuts-Forcing-Out-Old-EDS-Employees-52485672.html
See also : EDS workers face more pay cuts
"My pay is being reduced a total of 29 percent, 20 percent effected Sept. 1, the additional 9 percent effective Sept. 1, 2010," the man said. That's nearly a 32 percent salary cut for one employee in two years time -- more than one-third of his base salary. The cuts push him back to the salary he earned working the same job in the same building more than 10 years ago. Other former EDS employees said that under Hewlett Packard, they've experienced salary cuts of between 10 percent and 47 percent.
A spokesperson for Hewlett Packard said not all former EDS employees face wage cuts and that the salary realignment," enables hp to effectively drive its pay for performance strategy with a consistent job-based foundation for rewards, development and organization planning," said an hp spokesperson...."
http://www.nbcphiladelphia.com/news/tech/HPs-Huge-Salary-Cuts-Forcing-Out-Old-EDS-Employees-52485672.html
See also : EDS workers face more pay cuts
This piece of news is simply disgusting.
RépondreSupprimerReferring to the article on nbcphiladelphia.com, the hp spokesman is a miserable man. Salary or bonus is not apples and oranges, its always $$$.
When the top exec reduces 20% of the salary-apple, and others down the ladder are forced to -30% or -35% of the salary (but diet on bonus-orange, of course !), this is sounding very much "old regime".
Beware HP mgt and the like. This looks like perfect seeds for revolution. Look back in history : when the middle-class is out on the street, high society should better be changing something !
http://www.computerweekly.com/Articles/2009/08/06/237221/hp-staff-face-a-hurricane-of-cuts-to-pay-and-benefits.htm
RépondreSupprimerhttp://www.nbcdfw.com/news/business/HP-Warns-Worried-EDS-Workers-Dont-Go-to-Media-53188707.html
RépondreSupprimer