On Mon, 28 Jan 2008 10:57:35 -0600, Ed Gould wrote: >What wasn't posted was the fact that the salaries are being cut as a >result of a lawsuit claiming that IBM didn't pay overtime and >classified employees incorrectly so they couldn't get overtime. There >was much ado about OT (and not getting paid for it and the lawsuit >(IBM Lost and had to cough up millions). It goes to the root of when >people should get paid for OT.
The way I understand this came about is a few salaried employees sued IBM because the weren't being paid overtime. The judge agreed with their points and IBM made a huge number of employees hourly employees. That way they know how many hours they work and can pay them for overtime as required by the ruling. I also understand that this change to hourly resulted in about a 15% pay cut. But hey, all they have to do is work a bunch of overtime and they're back to their previous earnings and maybe beyond. Be careful of what you ask for..... ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
