High tech giant HP is reportedly offering IT contractors at its Enterprise Security Services division a stark choice in pay terms: either take a 5% rate cut next month or lose your post.
That 5% is a minimum, by the way – it could be bigger in some cases. (One slice of the workforce, the ones in Security posting are exempt, apparently.)
The deadline is believed to be today for temps to say yes or no, according to IT news site, the Register. It got hold of a leaked copy of the proposals – which, it says, has since been confirmed by independent recruitment agents.
A company spokesperson said: “HP has asked some suppliers to reduce costs to maintain price competitiveness in current market conditions. Service to clients will not be affected.”
