Capgemini tells contractors to bite 15 per cent cut
Capgemini has told contractors working on its Aspire contract to accept a 15 per cent cut or leave.
Blaming the recession, Capgemini asks contractors to work with their agencies to cut rates. Aspire is CapGemini's outsourcing deal with Her Majesty's Revenue and Customs - it cut 600 jobs on the contract back in late 2007.
The email, sent to Aspire contractors, said:
The mail said the slashed rates will come into force 2 March 2009. Contractors must present their new offers by this Friday, 30 January.
The mail adds:
The source who sent us the mail said that the majority of contractors were unhappy with the change, but had been warned by agencies that Capgemini would look for cheaper people to fill their jobs if they refused.
Our source said: "Talk about taking advantage of the recession... a lot of people are in fear for their jobs."
