IBM Cutting Wages

In 2006 IBM settled a lawsuit brought by employees claiming they were denied overtime pay for some $65 million.  It appears that IBM is attempting to punish those same workers by cutting their base salary by 15 percent.

“IBM spokesman Fred McNeese said the move would not save the company any money, because the affected employees generally should find that overtime pay makes up for the salary cut.

However, internal documents obtained by The Associated Press indicate that many workers will lose money.”

It wouldn't be a surprise if there was another lawsuit brewing as a result of the pay cut.
Tags:  IBM, wages, ting, AG