Thursday, May 05, 2005
IBM plans to slash up to 13,000 jobs | InfoWorld | News | 2005-05-04 | By Dan Nystedt, IDG News Service:
"Restructuring will hit European operations hardest, officals say
By Dan Nystedt, IDG News Service
May 04, 2005
MARCO ISLAND, FLORIDA - IBM (Profile, Products, Articles), one of the world's largest technology companies, said Wednesday it plans to reduce its work force by up to 13,000 employees, mainly in Europe, as part of a global restructuring aimed at shifting resources to higher-growth markets.
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The company will take a $1.3 billion to $1.7 billion pre-tax charge related to the restructuring in the second quarter, IBM said in a statement.
The company has already initiated discussions for voluntary and involuntary work force reductions, IBM said."
"Restructuring will hit European operations hardest, officals say
By Dan Nystedt, IDG News Service
May 04, 2005
MARCO ISLAND, FLORIDA - IBM (Profile, Products, Articles), one of the world's largest technology companies, said Wednesday it plans to reduce its work force by up to 13,000 employees, mainly in Europe, as part of a global restructuring aimed at shifting resources to higher-growth markets.
SPONSOR
The company will take a $1.3 billion to $1.7 billion pre-tax charge related to the restructuring in the second quarter, IBM said in a statement.
The company has already initiated discussions for voluntary and involuntary work force reductions, IBM said."
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