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If you are behind me
Dont ask as I am lost too.
I've told my staff that in such dire times, the redundancies will continue until moral improves.
Firstly your not alone, EDS has some fairly clever people working for them all over the country, I'm sure they won't take this sitting down!
If you haven't got a copy of your contract, get one, read it and have some understanding of it.
Look for any provision for a reduction of hours, if there is none then the employer (EDS) has few options. I know ppl that work for EDS but have never asked them if they are under an individual or collective agreement. (your contract should state what it is)
Look for any provision for redundancy, see if there is any entitlement. A common mis-conception is there will be some, the ERA ( employment relations act 2000) does not have any right to redundancy compensation. (I'm sure there was an amendment to this i.e. allowing for something, but I cannot find it at present)
If someone is made redundant then under the ERA, the employer must follow mandatory procedures such as, a fair process and allowing time off for interviews etc.
There is a whole raft of stuff that must be covered off, either way they must act in “Good faith”
I'd recommend you have a chat with others firstly and see where / what is being done as a group approach, If nothing then your on your own and only have your contract and nz's employment legislation.
In times like this, as you have only been informed of perhaps a reduction of hours and not redundancy you could still get (are not hiding anything) some income protection insurance, it would cover you if your made redundant. Not cheap but it's worth it!
Sorry for such a long speal!
L'arte italiana cammina su due rotelle!
Thanks for all the info mate! I will find my contract and see what it says... I know that for redundancies we get a 13 week payout... Just heard that they plan to implement the pay cuts Sometime around June 1st..... Also heard that we need to sign a contarct agreeing to the paycut, which many of you'll have mentioned... Lets see how this goes!
No harm in looking for another job in the meantime, but even in IT this might not be the time to be on the job market.
It just might be better to take the pay cut - and keep the hate of HP on the back burner until things improve.
(This may or may not be what Hitcher meant.)
(I hate HP too - trying to buy a laptop and their freakin' mess of part numbers and lack of website information is driving me nuts. I've complained to their website feedback but no reply, of course.)
Measure once, cut twice. Practice makes perfect.
This is a position a large number of people are going to be in, if not worse. I am not sure if people in New Zealand really comprehend what is happening around the world.
However large international companies have to protect their profit margin to keep the share holder happy, in hard times it means they make sacrifices any way they can. There is a great deal more to it but I believe that is the basics, many a large company that is still turning a profit will make cuts to maintain their margin.
I imagine when the situation improves these companies may struggle to keep staff as people seek a better opportunity else where with the idea another company would not do that to them.
I agree with Hitcher, I do not believe this is the best time to complain. An example of how far large companies will go to save a doller is the BHP mine closure in Aus. These guys cut their losses in the millions and walk away.
I agree a pay cut is not something they can carry out without your agreement however the next stage they can, do you like your job?
The art of being wise is knowing what to overlook.
who me?
I dint do nuffin.
Last edited by LardEmbargo; 23rd February 2009 at 19:09. Reason: misplaced sense of corporate responsibility
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