BT cutting contractor rates now....

[Flashman]

Off topic but I`ve heard HP contractors have to take a 10% cut and HP permies a voluntary 5% cut. But 30% - yikes!

Tis true, at least for EDS

Agent called today. -10% cut on renewal.

Also 'strongly requested' by client to take a week off (un-invoiced) in April.


Happy Frickin Days

[minestrone]

Friend got bumped from BT recently, all contracts ended in his bit.

[Sausage Surprise]

No, there does seem to be stuff around, just guess it depends on what field. Don't smoke. Plenty of commitments. Saving for a rainy day helps, but I guess that's what's called being in it for the long game.

Oh to be as smug as you....

[Mr_Z]

Anyone prepared to call BT's bluff, refuse the rate chop and risk the layoff?
Presumably 90% of people affected in current climate will lie down and accept it, so they may let those that make a stand get away with it. Presumably if you are still there by now, it must mean they need you because BT have been laying off left right and centre. Risky strategy though!

[bjj1971]

BT cutting contractor rates now....

Ive quit on principle, I have not had a rate raise since i started 2 and half years ago. Now they want to take 12.5%. They are taking the piss.

I am scared i might not get another job. But at least ill keep my pride.

The permies get paid more than we do.

[Fred Bloggs]

That's very bad news. Sympathies. If it happens here, I'll have to take the cut and sit here with renewed effort towards finding a new job. At the moment I think I'm OK till June. Mrs Bloggs would go ape if I just quit!

[pmeswani]

Ive quit on principle, I have not had a rate raise since i started 2 and half years ago. Now they want to take 12.5%. They are taking the piss.

I am scared i might not get another job. But at least ill keep my pride.

The permies get paid more than we do.

You should have taken the pay cut and told the client that you will be providing 12.5% reduction in work. If they are not happy with that, they are more than welcome to terminate the contract.

[BoredBloke]

Ive quit on principle, I have not had a rate raise since i started 2 and half years ago. Now they want to take 12.5%. They are taking the piss.

I am scared i might not get another job. But at least ill keep my pride.

The permies get paid more than we do.

I'd have taken the hit but used the lower BT rate to fund my job search. Getting 87.5% of the old rate is better than nothing. When I was there, none of us were offered a lower rate. I know that nobody except me has found another role yet, although it's only been about 3 weeks. A large chunk of our office in Leeds was let go on the same day.

[garyphipps]

Ive quit on principle, I have not had a rate raise since i started 2 and half years ago. Now they want to take 12.5%. They are taking the piss.

I am scared i might not get another job. But at least ill keep my pride.

The permies get paid more than we do.

To be honest bjj1971, I think you are MAD!
Whilst I understand that you have principles, do you not also have outgoings?
Other than an emergency role I am finishing today which has been a welcome 12 days work, I have not worked since before Christmas - when my contract was terminated as their budgets were pulled. I would of gladly taken a 20% cut over nothing for 3 months!!

[Wonderstuff]

The contractor rate cuts are forecast to save BT £9million this year.....