EDS employees in Australia and New Zealand have received an email from local chieftain David Caspari which explains what the planned global pay cuts will mean for them.
Following the HP results, company CEO Mark Hurd sent out an email to all employees globally, saying that some sectors of the company weren't performing well and that HP was expected by analysts and investors to cut headcount to set off declining revenues.
However, Hurd didn't like that option and decided that the company would reduce employees' pay at varying levels depending on position, although he didn't rule out future redundancies saying there were "no guarantees".
Now an Australia/New Zealand-specific email to EDS staff has been sent from Caspari, saying a local country implementation team had been formed, headed up by HP HR director (South Pacific) Jim Lefever, which would introduce the pay cut program depending on legal requirements and employee consent.
The complete email reads as follows:
To: All A&NZ employees
By now, you will have all seen the announcement from Mark Hurd regarding our Q1 results including the statements regarding compensation. Naturally, many of you have questions and concerns about these statements and what they mean for our region and you, as individuals.
The RLT has been briefed and I have asked them to brief their Management Teams to ensure effective cascading of information currently available. General Fads are available on Infocentre. Some information is applicable only in the US.
An Australian and New Zealand Country Implementation Team, led by Jim Lefever, has been formed and tasked with working through the details, implications and legislative requirements. The program will be rolled out based on legal requirements and subject to employee consent. As soon as we have region specific information, we will share this with you.
Please be assured that as we gain more information and develop a local implementation plan, we will continue to communicate with you.
Thanks for your support.
Australia & New Zealand
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