0485

HP told some employees to choose between becoming contractors with no benefits or being fired without severance

(HP)
HP CEO Meg Whitman.

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, saying it was doing this only for a “small number” of workers.  A representative told us:

HP reached an agreement with a strategic labor partner to allow more flexibility in managing labor demands. There are a small number of employees who will move from HP and become contractors to HP’s Mobility and Workplace Services organization. HP will continue to own and manage the end-client relationship and overall service responsibility.

Second time this month we’ve heard about the tactic.

Earlier this month, HP also shifted an unknown number of workers from HP ES to contract IT consultant Ciber, the company confirmed to Business Insider. Same deal: Take the new job or be let go without severance, our sources said.

In 2012, HP said it planned to cut 25,000 people over the course of the next three years. That number has steadily ratcheted up. Last week, HP CFO Cathie Lesjak said HP would be cutting another 5% from its workforce, beyond the last target of 55,000.

Lesjak told Wall Street analysts that the additional cuts were not going to cost HP more money beyond the restructuring expense she had budgeted months earlier.

Now we have some idea of how HP is doing that.

$1 billion a year for seven years

(Glassdoor/HP)
HP interns in France.

HP has spent roughly $1 billion a year on layoffs and restructuring for the past seven years, ever since HP acquired EDS in 2008 and formed the HP ES unit. EDS nearly doubled HP's headcount, from 172,000 to more than 311,000. 

Meanwhile, the unit has been shrinking in revenue for years, as outsourcing has gone out of favor while cloud computing is on the rise.

Throughout 2015, Whitman has told investors she is stabilizing the unit and is committed to it. She promised to bring margins up to 7% to 9%. She’s doing that through restructuring the “labor pyramid” — i.e., hiring less-expensive workers and shifting more work to lower-cost offshore jobs, she said.

HP will split into two companies November 1 and HP ES will become part of the HP Enterprise company, with Whitman as CEO.

NOW WATCH: 8 things you should never say in a job interview



More From Business Insider
Ex-staffer best for Glasgow trip: Stuckey

Queensland’s former Commonwealth Games minister says an ex-employee was the best person to take on a taxpayer-funded trip to Glasgow last year.

Liberal National Party MP Jann Stuckey has defended taking her former chief of staff, James Martin, to the 2014 Commonwealth Games in a trip which cost about $40,000.

She says Mr Martin had already been registered and booked before he became then Communities Minister Tracy Davis’s chief of staff last August.

Ms Stuckey says Mr Martin was the right person to join her to look at the legacy outcomes of the Glasgow Games.

“Having worked in my office for two years, his experience and corporate knowledge made Mr Martin the most appropriate staff member to accompany me on the trip,” the former minister said in a statement on Tuesday.

Current Commonwealth Games Minister Kate Jones has called for the Ministerial Services Branch to investigate Mr Martin’s involvement in the trip.

“One would think that if you were truly interested in looking at the legacy outcomes of Glasgow then you would at least take: a) a staff member that worked for you, or (b) a staff member that intended to work for you,” Ms Jones told a budget estimates hearing on Tuesday morning.

Mr Martin is a former state secretary of the Liberal National Party and is currently an advisor to Deputy Prime Minister Warren Truss.

Verizon Tests Superfast 10 Gigabit Internet Service Using Newest Optical Technology

Verizon Tests Superfast 10 Gigabit Internet Service Using Newest Optical Technology

FRAMINGHAM, Mass. - Verizon has successfully completed a test of a new technology on its industry-leading, fiber-to-the-premises network, that in the future could easily provide businesses and consumers with upload and download Internet speeds of up to 10 gigabits per second (Gbps), and the potential to increase this speed even further.

Upgrades on the FTTP network will begin when commercial equipment is available to support business services such as switched Ethernet services. The technology upgrade can also be used to support multi-gigabit-speed Internet access services for FiOS customers as the marketplace demands such services and as the technology matures.

The technology will have the system capacity to grow to 40-80 Gbps as the market demands, according to Lee Hicks, vice president of network technology for Verizon. This is possible by simply adding new colors of light onto the existing fiber, each augmenting the capacity by up to 10 Gbps.

Field testing of the new technology, known in the industry as next-generation passive optical network, or NG-PON2 , was completed recently from Verizon’s central office in Framingham, Mass., to a FiOS customer’s home 3 miles away as well as to a nearby business location. This followed extensive testing in Verizon’s laboratories in Waltham, Mass.

The trial, according to Vincent O'Byrne, Ph.D., director of access technology for Verizon, consisted of a new optical line terminal (OLT) installed in the Verizon central office, generating four wavelengths, or colors of light, each capable of operating at 10G/2.5G. Later versions are envisioned to support the same download and upload speeds of 10G/10G per color. One test transmitted the NG-PON2 signals over a fiber serving live GPON customers proving that the network can simultaneously deliver GPON and NG-PON2 on the same fiber.

The field trial also validated an important service reliability feature of NG-PON2. In this test, a fault in the central office equipment was simulated and the customer’s ONT autonomously tuned to another wavelength, restoring its own 10G service in seconds. This new feature of NG-PON2 has critical implications for improved customer reliability and performance.

Verizon will issue a request for proposals later this year for the purchase of hardware and software for the new NG-PON2 platform. Initially, higher-speed applications would be most attractive for business customers. That’s expected to change as the adoption of 4K video content and the explosion of the Internet of Things, with an estimated 25 billion Internet-connected devices expected by 2020, will create demand for higher symmetrical speeds and lower latency for consumers as well. “The advantage of our FiOS network,” Hicks said, “is that it can be upgraded easily by adding electronics onto the fiber network that is already in place. Deploying this exciting new technology sets a new standard for the broadband industry and further validates our strategic choice of fiber-to-the-premises.”

The trial was conducted with a NG-PON2 equipment system from Cisco and PT Inovação.

Taylor Swift Breaks Another Record, Celebrates with Kobe Bryant

Not only did Taylor Swift get a banner at the Staples Center honouring her 16 sold out shows at the world-famous venue – the most in the arena’s history – she was joined on stage by Kobe Bryant to celebrate the enormous achievement.

The Los Angeles Lakers athlete joined Taylor on stage on Friday night to unveil the banner and congratulate her.

READ: 7 Celebrities to follow on Tumblr

READ: One Direction to split in March 2016

“Sixteen is a very special number here in Los Angeles because 16 is the same amount of championships that we have as a Lakers franchise,” Kobe announced on stage.

“To celebrate those championships, we do something very special. We hang banners. That’s what we do.”

Needless to say, Taylor was blown away by the honour.

Kobe wasn’t the only famous guest to hit the stage alongside Taylor. One Republic’s Ryan Tedder joined her later that night to perform her song Counting Stars.

Mary J. Blige, Uzo Aduba, Chris Rock and Matt Leblanc also joined Taylor on stage during Saturday night’s concert.

PHOTOS: Keeping up with Taylor Swift’s on-stage celeb cameos

PHOTOS: Keeping up with Taylor Swift’s celeb on-stage cameos

أزمة الأمناء.. خسائر البورصة.. حرية الصحافة.. انتخابات النواب.. إخلاء المراكب.. بنشرة الثالثة عصرًا

قيادات بالداخلية تتوجه لمديرية أمن الشرقية لبحث أزمة الأمناء.. “المسطحات المائية” تحاول إخلاء مرسى المراكب المتواجد أمام مقر الحزب الوطني.. الأمن المركزي يمنع أمناء الشرطة من اقتحام مكتب مدير أمن الشرقية باستخدام الغاز.. البورصة تغلق منخفضة 5% والسوق يخسر أكثر من 15 مليار جنيه.. بنشرة الثالثة عصرًا.

加拿大能源產品出口普遍下跌,但肥料出口躍升

加拿大溫哥華港對亞洲出口額穩健成長

日前加拿大大溫港務局(PortofMetroVancouver)公布2015年前半年統計數據顯示,今年煤炭及原油出口大幅衰退,但穀物及豆類產品出口則穩健成長,主要原因為中國經濟成長放緩及美國頁岩油產量增加。

現今亞洲中產階級人數不斷成長,使溫哥華港出口至亞洲之貨量持續增加,然而,此報告指出,東亞主要工業經濟體成長已趨緩。儘管許多人認為加國陷入經濟衰退,但報告卻顯示加拿大經濟具令人驚訝的韌性,如汽車進口年成長7%、高級木材即紙漿出口年成長5%。

若以領域區分,能源產品出口普遍下跌。作為發電用途之熱煤(thermalcoal)出口下降6.6%,焦煤(metallurgicalcoal)則下降0.3%,即使北京已著手進行碳排放減量,大力發展綠色經濟,但多數從溫哥華港出口的煤炭都被運至中國。此外,美國一向是購買加國原油的大客戶,近來受頁岩油改變能源版圖,使溫哥華港原油出口大跌20%。

另一方面,肥料出口則躍升12%,其中穀物(包括青豆和扁豆等)成長13.1%,動物飼料更是大增36.8%。大溫港務局指出,由於亞洲中產階級增加,不僅對食物品質要求愈來愈高,對食品需求也有所改變。舉例來說,中國消費者肉類需求大增、農產企業需要更多的飼料,而富裕的印度消費者則追求高品質扁豆。

同時,大溫港務局數據顯示,加工產品成長有限。糧食加工品下降21.2%,其中植物油下降9.3%。亞太基金會(AsiaPacificFoundation)總裁StewartBeck表示,農產品出口增加令人鼓舞,這是未來努力的目標。亞洲市場對食品及食品加工品質的要求提高,加拿大應抓住此商機提高產品附加價值,而現今加工產品出口有限,代表加國仍有努力空間。(資料來源:經濟部國貿局)

HP told some employees to choose between becoming contractors with no benefits or being fired without severance

(HP)
HP CEO Meg Whitman.

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, saying it was doing this only for a “small number” of workers.  A representative told us:

HP reached an agreement with a strategic labor partner to allow more flexibility in managing labor demands. There are a small number of employees who will move from HP and become contractors to HP’s Mobility and Workplace Services organization. HP will continue to own and manage the end-client relationship and overall service responsibility.

Second time this month we’ve heard about the tactic.

Earlier this month, HP also shifted an unknown number of workers from HP ES to contract IT consultant Ciber, the company confirmed to Business Insider. Same deal: Take the new job or be let go without severance, our sources said.

In 2012, HP said it planned to cut 25,000 people over the course of the next three years. That number has steadily ratcheted up. Last week, HP CFO Cathie Lesjak said HP would be cutting another 5% from its workforce, beyond the last target of 55,000.

Lesjak told Wall Street analysts that the additional cuts were not going to cost HP more money beyond the restructuring expense she had budgeted months earlier.

Now we have some idea of how HP is doing that.

$1 billion a year for seven years

(Glassdoor/HP)
HP interns in France.

HP has spent roughly $1 billion a year on layoffs and restructuring for the past 7 years, ever since HP acquired EDS in 2008 and formed the HP ES unit. EDS nearly doubled HP's headcount, from 172,000 to over 311,000. 

Meanwhile, the unit has been shrinking in revenues for years, as outsourcing has gone out of favor while cloud computing is on the rise.

Throughout 2015, Whitman has told investors she is stabilizing the unit, and is committed to it. She promised to bring margins up to 7% - 9%. She is doing that through restructuring the “labor pyramid,” i.e. hiring less-expensive workers, and shifting more work to lower-cost offshore jobs, she said.

HP will split into two companies on November 1 and HP ES will become part of the HP Enterprise company, with Whitman as CEO.

NOW WATCH: 8 things you should never say in a job interview



More From Business Insider
第一回 上原落語会

■2015年10月19日(月)

■会場 代々木上原・ムジカーザ (地図)

■開場 18時30分

■開演 19時

■出演 三遊亭萬橘 柳家小春

■木戸 全席自由 前売り¥2,800 当日¥3,000 (未就学児童入場不可)

■チケット チケットぴあ Tel.0570-02-9999 (Pコード:446278)

■問い合わせ メール info@uehara-rakugo.com Tel.090-4429-0485

■HP http://uehara-rakugo.com

~ Battlefield Report ~


Trekker: Yva JUNO
(ē•vuh joo•noe)
IG: @jlnemeth
Rank: Tyro
Level: 4
Job Class: Prophet
Persona: Gallant
Path: Order of the Void (Viridian)
Act: I “The 17 Day Pilgrimage”
Chapter: 4 “Enter The Elementals”
Achievement Medals: 4
Warmup Level: Supernova 2 - Lv1
Max Combo:

• Max 2
- Lv0/43

• Supernova 2
- Lv1/58

Target: TABATA ELEMENTAL/Terrible Wave
Type: Boss
Hit Points (Reps): 0485
Overdrive Points (Reps over goal): 7
XP (Total Reps To Date): 5193
Rank: 017
Class: 2C5-12
Level: LS
Area: core
Journey Started: 7Aug15
Path Started: 7Aug15
CCT (Cumulative Calendar Time): 4 wks
Day: 16
Date: 31Aug15
Time: 2223-49/51 (28m)
Result: victory
Summary:

• Wonder Woman is set for her final battle against the wicked warlock S'gniz Constantine! The fight with the first of the ELEMENTALS was vicious, as the water witch crashed waves of fatigue down upon JUNO. The battle was razor slice thin determining who the victor was going to be. The battle concluded and in the light of victory stood the wonder woman, Yva JUNO!
(at Frankenztein Fitness)

國材匯豐六甲購A (14608) 現報 0.023港元,下跌 14.81 %

[智珠] 香港9月1日 - 中國建材 (03323) 的窩輪 國材匯豐六甲購A (14608) 呈異動, 現報0.023港元, 較上日收市下跌 14.81 %,成交20,000.00份,投資者宜留意下列相關的技術分析指標,以及其正股的股價變動和公司的市場動向,提高警惕 : (貨幣 : 港元) 溢價83.186 %,槓桿比率(倍) 16.741,引伸波幅53.6514 %,對沖值2.34479 %,認購比率0.10,行使價8.01,到期日2016-11-24,10天平均價0.0485,50天平均價0.08144,52周最高0.255,52周最低0.021。

註: 我們的窩輪監察站在每個交易日的交易時段內,全面性監察窩輪的股價異動,由於窩輪波幅往往較正股來得突然和較大,我們認為由其股價觸及百分之五的波幅,即有需要作即時報導,隨而每百分之三再作追擊報導,務使讀者能追貼其走勢。

網頁http://www.dbpower.com.hk


網頁http://www.dbpower.com.hk