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.
David Caspari (Credit: EDS)
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,
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
Thanks for your support.
David Caspari Vice President Australia & New Zealand