Rate cuts at HP?????

[BrowneIssue]

It's official. -10% for all contractors on HP projects. :-(

I was subjected to a 50% rate cut back in 2001 - I walked. And then wore a hole on the bench.

I feel for your pain, I really do.

Now if you'lljust excuse me for a moment...

Permies have been "requested" to take a cut along with EDS permies.

Oh YES!

EDS tossers lose some pay
Do da, do da.
EDS tossers lose some pay
Do de do da day.

I shall laugh all night
And I shall laugh all day.
EDS tossers lose some pay
Teach 'em for ******* up our Inland Revenue then, mightn't it.

[BrilloPad]

EDS tossers lose some pay
Do da, do da.
EDS tossers lose some pay
Do de do da day.

I shall laugh all night
And I shall laugh all day.
EDS tossers lose some pay
Teach 'em for ******* up our Inland Revenue then, mightn't it.

[littleprince]

Confirmation:
I am a contracting for HP through Manpower, I have just been informed by Manpower in an email that they've been instructed by HP to cut rates by 10% with effect in a month.

Questions:
I'm new to contracting via an agency. I haven't received any communication from the HP (HR or the HP project sponsor whith which I negotiated my rate)... Is this normal?

Manpower also mentioned that I can raise an objection. Is there a point? or should any action be done through the HP project sponsor?

Regards to all!

[moony1234]

Sorry to drag this up but just to let people know i'm with EDS/HP and managed to "haggle" 5% rather than 10%.... worth a try if you haven't accepted the 10% yet

[PatrickBateman]

EDS have also offered most permies less working hours, sabbaticals, and unpaid holidays, as well as completely banning overtime.

(Hello by the way)

[ChimpMaster]

Sorry to drag this up but just to let people know i'm with EDS/HP and managed to "haggle" 5% rather than 10%.... worth a try if you haven't accepted the 10% yet

This happened to me last year (not with EDS/HP mind you), so you can try to negotiate BUT it all depends on how valuable are you perceived to be and also whether the direct management of the client has any power to override any group wide policy on the cuts.

[gingerjedi]

Depends on the margin the agent has, the ability for them to soak it up and how easy it would be to replace you.

Permies at EDS have just been asked to volunteer another 5%, the less confident will probably buckle.

I want to see one of these big players fold, imagine the opportunities in the subsequent fallout.

[d000hg]

Are these cuts in both red and brown divisions?

[RichardCranium]

Permies at EDS have just been asked to volunteer another 5%, the less confident will probably buckle.

It all comes flooding back. Now I remember why I'd rather be on the bench than be a permie.

[DimPrawn]

Are these cuts in both red and brown divisions?

According to a sauce at HP, yes.