And you wonder why Class Warfare exists
- I am proud that as a business owner I always treated my employees as family. But I remember so very well how sore was ass was from being screwed when I worked for a large corporation. To them I was just a piece of meat to be used and cast off into the trash as needed in order to reach quarterly profit projections.
(Business Insider) - What started off as a multi-year layoff in which HP paid severance of about one week for every year of service has turned into something else for some employees, particularly in HP's struggling Enterprise Services unit.
HP is lining up outside jobs for some of these workers that gets them off payroll but has them continuing to work on HP's projects or with HP's customers.
That's not a bad thing. Better another job than a pink slip, right?
But it's not 100% peachy for the workers, either, according to a person familiar with the matter. This person told us about one of the offers HP employees got.
A group of full-time workers, mostly hourly employees, were told in late July they were to become contract workers for contract agency Adecco August 15. If they accepted the job, they would lose all accrued vacation time and paid time off, all benefits, and all seniority. If they refused, they would be let go without severance.
The contract positions had some people taking big pay cuts; others got pay raises. Some people who were supervisors were stripped of their titles and others, some very junior, were offered supervisor positions.
Many of the workers in this unit refused the offer and quit, this person told us.
HP confirmed to us that it was trimming its workforce by obtaining alternative jobs for workers.Read More . . . .
|Welcome to Eternal Poverty|
The "improving" economy is largely a politically created illusion based on artificial near zero interest rates and money printing by the Federal Reserve.
But outside of the Washington D.C. / Wall Street bubble we see the "part time-ization" of American jobs, massively increasing food stamp use and a growth in the number of people out of the workforce.
Tens of millions of American citizen jobs are being permanently abolished by immigration, outsourcing, phony "Free Trade" agreements, robotics and the Internet. The politicians have no clue what they are doing, but they also could care less about you and your family.
See our article:
‘You're Fired – Now Train Your Much Cheaper Foreign Replacement’