HP begins selling pay cut plan to European workers
Hewlett-Packard has begun the tricky task of convincing its workers in the UK and Europe to voluntarily take a pay cut.
The vendor announced yesterday that it was pursuing a company wide pay cut as an alternative to redundancies as it negotiates the current economic downturn.
But while US law gives the firm some latitude to unilaterally cut workers' pay, the computer giant’s EMEA employees are required by law to give their individual written consent before any salary deduction can be imposed upon them.
An HP spokeswoman warned today that if enough of the firm’s workforce in Europe didn’t agree to a pay cut of anything between 2.5 and 15 per cent depending on job status, then the PC vendor could face an even tougher time ahead.
“If the majority do it we might get though another few quarters in these troubling times globally,” the spokeswoman told The Register.
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