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IBM Riles Employes With Base Pay Cuts

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posted on Jan, 23 2008 @ 11:23 AM
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IBM Riles Employes With Base Pay Cuts


apnews1.iwon.com

It's the result of IBM's response to a lawsuit in which the company was accused of illegally withholding overtime pay from some technical employees. IBM settled the case for $65 million in 2006 and has now decided that it needs to reclassify 7,600 technical-support workers as eligible for overtime.

But their underlying salary - the base pay they earn for their first 40 hours of work each week - will be cut 15 percent to compensate
(visit the link for the full news article)


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posted on Jan, 23 2008 @ 11:23 AM
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This appears to be a way to circumvent the spirit of the courts decision. Clearly the courts felt IBM should have been paying overtime to the workers in question and they paid a settlement. Now, however, to recoup any losses due to overtime, cut the base pay of the workers making it neccessary to work overtime just to break ever under the old rates. It really is a 'creative' way to keep cost down even though profits are up and even if there is a court decision later to over rule this IBM move they (IBM) will probable save enough in wage cuts to pay any settlement.

Because it was the workers who brought the original action agaist IBM when they were not complying with the law perhaps this is some kind of retaliation. I quess as a worker today in American you can't even win when you win.

apnews1.iwon.com
(visit the link for the full news article)



posted on Jan, 23 2008 @ 11:32 AM
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News flash: it's a capitalist society. IBM has the right to set any level of compensation at all as long as it's above minimum wage. If some employees were eligible for overtime according to the Labor legislation, and IBM withheld it, they were wrong, and that's that. But as to the amount of base pay, they can do whatever they want.



posted on Jan, 23 2008 @ 11:55 AM
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Buddha that's harsh. I'm not saying they can't, but would they have if the workers had not taken them to court to gain overtime? There is also something regarding bad timing, lower pay for worlers and higher profits for the Captains of Industry. Perhaps your should substitute Das Kapital for Ayn Rand.



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