Democratic Underground - IBM to cut more than 2,800 jobs: Union

IBM to cut more than 2,800 jobs: Union [View All]

OhioChick

(1000+ posts) Send PM | Profile | Ignore

Mon Jan-26-09 07:48 PM
Original message

IBM to cut more than 2,800 jobs: Union

Advertisements [?]

Source: Economic Times India

27 Jan 2009, 0551 hrs IST, AGENCIES

WASHINGTON: US computer and software giant IBM Corp is planning to cut more than 2,800 jobs, a labor union representing the firm's employees said Monday.

According to the Alliance@IBM, a member of the AFL-CIO, the largest US labor union federation, IBM intends to eliminate 1,419 jobs in its software division and 1,449 jobs in sales and distribution.

"Cuts in other divisions expected. Stay tuned!" Alliance@IBM said on its website.

IBM, which reported on January 20 full-year 2008 net profit that beat market expectations and predicted a stronger performance in 2009, was not immediately available to comment on the union's statement.

Read more: http://economictimes.indiatimes.com/Infotech/IBM_to_cut_more_than_2800_jobs/articleshow/4034614.cms

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Got a message for Democratic Underground? Click here to send us a message.

IBM to cut more than 2,800 jobs: Union [View All]