CapGemini limits pay cut for older workers to 20%
Wednesday 20 February 2013
IT company CapGemini said on Wednesday it will limit the pay cut request to less-productive older workers to 20%, the Financieele Dagblad reports.
On Wednesday morning, the paper quoted union officials as saying most people had been asked to accept a pay cut of 20% to 30%.
A company spokesman told the paper this 'had been experienced as very severe' and a ceiling of 20% would now be imposed.
The company is attempting to cut the pay of around 400 staff members 'because there is a gap between what they earn and what they are capable of'. The measure has the support of the works council, the FD said.
CapGemini wants pay cuts for older staff of up to 30%, says union