IBM IT workers planned a demonstration during the company’s annual shareholder meeting on Tuesday to protest changes in compensation structure that amount to a 15 percent pay cut for many employees.
In January of this year, IBM informed 7,600 employees in technical positions that their jobs were being reclassified to make them eligible for overtime.
This change in employee status was part of the after-effects of a $65 million overtime lawsuit IBM settled in Nov. 2006. Plaintiffs in the class-action lawsuit charged that IBM had unlawfully classified its Technical Services Professional and IT Specialist job categories as exempt from the overtime provisions of the Fair Labor Standards Act, denying them overtime.
Read the eWeek story: Techies Protest an IBM’s Annual Meeting
