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	<title>Crystal Umbrella News &#187; Pay Cuts</title>
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		<title>Shell Cuts IT Contractor Pay Rates</title>
		<link>http://news.crystalumbrella.com/archives/282/shell-cuts-it-contractor-pay-rates</link>
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		<pubDate>Fri, 10 Jul 2009 11:20:25 +0000</pubDate>
		<dc:creator>Robin Willows</dc:creator>
				<category><![CDATA[Contractors]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Economic Downturn]]></category>
		<category><![CDATA[IT contractors]]></category>
		<category><![CDATA[Pay Cuts]]></category>

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		<description><![CDATA[Oil giant Royal Dutch Shell has issued a pay ultimatum to its IT contractors. An internal memo sent last month advises contractors that they will face termination unless they accept a pay reduction of 12 per cent. The policy of reducing contractor rates was first introduced across the financial services sector thirteen months ago at the start of the economic downturn]]></description>
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