HP forces EDS employees to cut costs without paid leave

Source: Internet
Author: User
Keywords Employees HP cut costs
Beijing time July 17 Evening News, according to foreign media reported in Friday, Hewlett-Packard has sent an e-mail to EDS employees to provide them with unpaid leave, and temporarily reduce working hours and wages to cut costs. Before the end of October, EDS staff can choose to take unpaid leave or reduce working hours.  They need to negotiate with managers on this, with a minimum of 5 days off. EDS staff can choose to take a one-week vacation or disperse for 5 days. HP also said employees could share the corresponding pay cuts to 3 months.  For example, employees can take two weeks off in August, but pay cuts can be apportioned to August, September and October.  In addition, employees receive a one-day paid leave for each five-day unpaid leave. The email made it clear that reducing working hours is temporary and differs from a pay cut.  But employees can alternating unpaid leave during school holidays with the approval of their supervisors.  Hewlett-Packard spokesman said: "HP needs to continue to transform business, improve the efficiency of the company, to ensure that HP in a difficult economic environment to remain competitive and to provide users with the best possible value." As part of this initiative, Hewlett-Packard's subsidiary, EDS, offered employees a variety of ways to voluntarily reduce their working hours.  These methods apply to all or part of HP's remaining time of the current fiscal year and require the approval of the manager. Hewlett-Packard revealed at the end of June that the company had asked Eds's Irish staff to vote for 2.5% or 5%. Employees will vote before July 21. If employees are interested to know about special unpaid leave or flexible working schedule, they can contact their manager by email. (Yi Fei)
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.