Feeds

More IBM contractors get rates cut

Elan feels the burn

Beginner's guide to SSL certificates

Another group of contractors at Big Blue have had their pay rates cut, this time via recruitment outfit Elan.

The company and Elan are remaining quiet on how much the rates have been cut by, but one anonymous source told The Register that it was by as much as 15 per cent.

"This seems ridiculous to us, when the majority of contractors are working on revenue earning projects, surely this ultimately will result in lost revenue plus IBM is bucking the trend when it comes to profits," said the source. "It seems more than a little harsh mid contract."

Just last month recruitment group Hays confirmed it was slashing contract staff rates at IBM. It also declined to comment on how many would be affected, but it was understood that a limited group of up to 300 contractors were involved, and not the entirety of IBM UK's contract employees.

An Elan spokesman told El Reg today that some of its contractors had been informed of rate cuts.

"This week technical subcontractors engaged on IBM business have been notified of changes to their daily rates," he said, echoing Hays' statement in March.

He added that Elan always tried to ensure rates were “fair and appropriate within the marketplace”.

We asked the spokesman if he could confirm how many contractors had been affected by the rate cut and by how much, but he declined to comment.

A person familiar with the matter told us that rates “hadn’t been cut across the board” but rather had been “limited in scope and specific” to some IBM contractors. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.