The AP article over the fold neglects to mention the union reaction to the IBM paycut. IBM is one of the few tech companies to have a union, though that union is not powerful enough to negotiate a work contract. Fyi, The union is circulatating a petition to management... http://www.allianceibm.org/
Just last week I was wondering when Dilbert would organize...from the IBM union's example, it is probably only after our labor laws are once again enforced for all Americans.
"One of these days the Dilberts in the workplace are going to get tired of competing globally and facing declining wages and benefits while their CEO's get rich. But watch out, because the labor rights that Norma Rae had are scarcely enforced and eroding fast. The Middle Class has to call on Democrats to try to pass the Employee Free Choice Act in 2008."
http://www.dailykos.com/...
IBM workers face pay cut
40-HOUR RATE SLASH RESULTS FROM LAWSUIT
By Brian Bergstein
Associated Press
BOSTON - Even as IBM reports record profits, thousands of its U.S. employees are staring at pay cuts.
It's the result of IBM's response to a lawsuit in which the company was accused of illegally withholding overtime pay from some technical employees...their underlying salary - the base pay they earn for their first 40 hours of work each week - will be cut 15 percent to compensate.
http://www.mercurynews.com/...