IBM Wages Fraud - Corporate Crime

To anyone outside the I.T. industry, IBM Australia, represents a name that is synonymous with a large blue chip vendor, of quality and service.

From the inside though an entirely different picture exists.

Documentation, obtained, and partially reproduced in the above illustration indicates a slave labour camp.

IBM's managers are instructed to push (encourage) their workers to work above their 37.5 hours paid week, up to and over a 45 hour week, the added hours for free (i.e NOT paid for the hours worked, which is illegal under the Australian Trade Practices Act) , whilst IBM charges the customer, and reaps huge profits.

The documentation also reads that the workers must be at least 87% productive and the billable time must be a minimum of 91%.

In the documentation it is also urged for all profits to be diverted to IBM. (?)

IBM regularly fraudulently charges the customer for work NOT done but billed.

In a 5 day working week, IBM forces its employees to work an extra day for ZERO dollars.

From a financial perspective, if IBM's workforce is approx. 3000 people, then IBM has defrauded it's employees (3,000 x 7.5 ) is 22,500 hours per week. If charged at $120 / hour, then the fraud equates to $2.7 million dollars per week.

As a result IBM's customers are also getting ripped off in the process of false accounting.

This fraud has been confirmed by a leading law firm in Australia, and IBM is still getting away with it.

The bigger the crime the bigger the cover up.