IBM Responds to Overtime Lawsuits With 15% Salary Cut

bcmbyte writes "IBM in recent months has been hit with lawsuits filed on behalf of thousands of U.S. employees who claim the company illegally classified them as exempt from federal and state overtime statutes in order to avoid paying them extra whenever they worked more than 40 hours per week. The good news for those workers is that IBM now plans to grant them so-called "non-exempt" status so they can collect overtime pay. The bad news: IBM will cut their base salaries by 15% to make up the difference."

Stapler

[gmyerxa]

This is the last straw....

Re:Typical.

[beavis88]

What are you, a fucking Presidential candidate? That's not remotely close what I said.

Re:I don't understand

[Ihlosi]

Wouldn't they ensure employee happiness so they perform better so the company earns more and be more productive etc etc?

With an attitude like that, you'll never make it into management. Read more Dilbert cartoons.

Re:Stapler

[Kamokazi]

Woah woah woah. It's not last straw until you a) stop getting a paycheck, b) get moved down to storage B, and c) find a hundred grand laying on the floor.

Re:Typical.

[Anonymous Coward]

I'm in my own private union. I'm the only union member. On the downside, dues are 100% of net takehome pay. On the upside, most of that gets spent on beer for "union meetings".

Re:Typical.

[beavis88]

Condescending attitude? Check No mention of the original topic at hand in the "rebuttal"? Check Ad hominem attack? Check

By golly, I think you really are a Presidential candidate!

Re:Stapler

[operagost]

I must have put a decimal point in the wrong place or something. Shit. I always do that. I always mess up some mundane detail.

I don't feel the least bit bad for them

[ygbsm]

They wanted to be treated like blue collar, hourly employees - now they can be paid like them. If you want a salaried, career position and the pay that comes with, get used to working more than 40 hours.

Or you can go out on your own, work 80 hours a week, and possibly not get paid at all.

Quit whining and get back to your oars (ok - this line is a joke, but I'm serious about the rest).

Re:Hmm - OT Denied

[sumdumass]

The only thing needed for a mass transition to this, is to make it easier for single person corps to be able to buy into a group insurance scheme, or make it easier for individuals to get insurance for themselves (it isn't THAT expensive, but, hard to get if you aren't in 100% top health).

Look into becoming a member of your chamber of commerce. The insurance discounts from mine seem to be larger then the cost of membership plus it allows some simple networking and advertisement. I would say the becoming a CoC member was pitched as how it would grow my business but ended up being more about saving me money. I even got discounts on my car insurance and a lot of other things. Your CoC might be different then mine, but it is worth a look to see.

Re:What about "undertime"?

[TheCage]

If they want me to work free overtime, then they need to g

See you in 48 hours.