Feeds

HP Ireland asks staff to vote for pay cut

Dear turkey, early Christmas?

The essential guide to IT transformation

HP has begun asking EDS staff to take a pay cut as part of its wide-ranging cost cutting strategy.

In a bizarre email, seen by the Reg, titled HP Salary Reduction Programme, staff from the Electronic Data Systems are asked to agree a five per cent pay cut, and related cuts in benefits, by clicking on the "I Agree" button. The mail is from Martin Murphy, MD of HP Ireland, and addressed to all HP Ireland employees.

The cuts will come into force from 1 September 2009. Staff have until 21 July to make their minds up. Not surprisingly those who have emailed Reg Towers are unimpressed with the plan and are voting No.

Some staff are being offered a 2.5 per cent cut.

The email also said that if they agree to the pay cut then they will be able to change some of their flexible benefits.

Company cars are also in the firing line - HP will no longer provide "Status cars" to new hires and people being promoted will not get a car benefit. Lucky HP execs who already have a status car will keep them.

We contacted HP to ask for more details on cost-cutting, and what the hell a Status car is, but they've yet to get back to us. However, one employee explained to us that Status cars are not specially tricked out exec rides, but simply regular old company cars.

Many UK firms are asking staff to reduce their hours, or at least those they are paid for, in order to cut costs.

HP sent us the following:

As announced in February, during the Q1 results, HP announced it will reduce employee compensation and benefits to increase flexibility in the company’s cost structure. In the UK the proposed base pay reductions are subject to the consent of those concerned.

HP statement regarding Car Policy:

In November 2008 , we announced to our employees our plan to reduce our discretionary spending as part of our ongoing focus on operational efficiencies. These actions have been taken in order to keep the company competitive in the challenging economic environment.

Next gen security for virtualised datacentres

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?