IBM to add 15,000 new jobs

[demdave]

IBM will hire 15,000 new employees--50 percent more than originally planned--in areas such as software and services because of a rebound in the economy, a top executive said Saturday.

Armonk, N.Y.-based IBM, which has faced criticism for its plans to shift some U.S. jobs to cheaper locations such as India and China, will add about 4,500 net jobs in the United States this year, said Randy MacDonald, IBM's senior vice president for human resources.

"We are going to hire more in the U.S. than we shift" overseas, MacDonald said in an interview.

About 30 percent of the 15,000 new positions, or 4,500 jobs, will be net new hires in the United States, he said.

http://news.com.com/2100-7342_3-5143011.html?tag=nefd_top

[kalian]

1. Those 4500 "new hires"....

are they by any chance called "contractors"...? :eyes:
Or are they immigrants under the H-1B visa...? :shrug: I don't
trust corporate America's talk...sorry...

[Turbineguy]

15. I've talked to more people from India

at IBM's technical help (which by the way is excellent) than when I was in Madras....

[0007]

23. CEO's are in much demand by corporate America these days.

So 4500 new hires can be expected to be CEO's.

[cthrumatrix]

2. misleading title...1/2 are outside the US and when you read it ...it's

seems the trend is clear for US jobs..more and more are going offshore

[JanMichael]

9. It is a misleading title. And frankly it should be edited.

Or locked.

[demdave]

10. Frankly, I must follow the rules for posting news

which states that a post must have for the headline, the unedited original headline. If you have a problem with the rule, get it changed.

[JanMichael]

14. It's a bullshit headline then, better?

Not my fault you're the messenger:-)

[cornermouse]

3. Does mean we should buy 30% of a new IBM computer?

Hmmm.

[NashVegas]

4. I Wonder What Kind of Salaries They'll Make, Compared to ..

those whose jobs were cut and shipped out.

I also wonder how many many of the hires will be Visa'd workers.

[Nay]

5. Exactly, Crisco.

The new hires will be young and offered a lot less money than the Americans they displaced made.

[RoeBear]

6. It's all part of the Republican 'death march' that...

...they are drumming up.

Stock market going up, gasoline prices coming down late summer/early fall, and this piece of the puzzle; companies hiring.

It'll all crash after November, but they'll have fooled the voters by then.

[vanityfair]

20. Roebear...

that was my thought exactly. Pink slips for all on Nov 3rd.

[Beaker]

24. Gas prices coming down??? Guess again-

I heard a couple of news stories last week that said we could be looking at $3/gal by the end of summer...

http://www.quicken.com/investments/news_center/story/?story=NewsStory/dowJones/20040115/ON200401151813001509.var&column=P0DEC

"...By Monday, front-month gasoline futures had risen to nearly $1.03 a gallon, while gasoline for April delivery traded near $1.06 a gallon. Those futures shed between 6 and 10 cents by Thursday, however, after the U.S. Department of Energy reported a healthy 2.1-million-barrel increase in U.S. gasoline inventories for the week ended Jan. 9.

At the pumps, U.S. gasoline prices averaged $1.56 a gallon Monday after rising 5 cents in the past week, said the DOE's Energy Information Administration statistics branch.Last summer, average retail prices for regular gasoline in the U.S. rose 26 cents a gallon over two months to an all-time record high of $1.75 a gallon in August.

This year, analysts expect gasoline prices will soar again to record highs, and demand for the fuel this summer will set a new record, they said.The EIA's latest short-term energy outlook, released last week, forecasts a U.S. average pump price for gasoline of $1.57 a gallon during April and May, but prices already have touched that level this week.

"It's more than likely that the forecast is going to be revised up in subsequent months," said EIA senior oil market analyst Doug MacIntyre..."

[SOS]

7. The Bush economy

this week...JP Morgan/Chase/Bank One to cut 10,000, IBM to add 4,500.
Another net loss.

[mbperrin]

8. So, in corp math, 15,000 = 4500?

If only my teachers had let me know I had a genius for corp math instead of making me memorize "school" math!

[Triana]

11. i can tell you...

...i've had several calls in the past 2 weeks for CONTRACT positions at IBM. They don't pay squat. Hourly, no benefits, PTO, no health insurance (none that is affordable given what they pay).

There you go...these are undoubtedly, based on what I'm seeing, what those 4,500 "jobs" at IBM for Americans are likely to be.

[kysrsoze]

12. I have a relative who works at IBM

Rest assured, if things don't pan out, they won't hesitate for a second to cut 4,500 jobs throughout the company. They are very hard-nosed when it comes to labor cost. Let's not forget that they kind of started the whole ball rolling on outsourcing work to foreign countries.

[daleo]

13. In the run-up to the election we will hear lots of claims like this

CEOs will be painting a rosy hiring picture. Of course, just because they say they plan to hire x thousand doesn't mean they actually will. Take it with a large grain of salt.

[BigBigBear]

16. I work for IBM

I'll believe it when I see it.

[Fleshdancer]

17. exactly

when this story is written in past tense, then I'll believe it.

[Media_Lies_Daily]

18. Yeah, sure. Whatever they say....

Let's take a closer look, shall we?

IBM states that 4500 of the so-called new hires will be hired to work in the States. Taken on face value, one could ask where will the other 10,500 newbies be hired and where will they work?

Additionally, in NeoCon-like double-speak, MacDonald says that "We are going to hire more in the U.S. than we shift overseas". What that is really saying is that IBM will be shifting up to 4500 jobs overseas IN ADDITION to the 10,500 new hires that will also be made overseas. So, that really means that 15,000 people will still be hired overseas, while 4500 are hired in the States.

When IBM shows everyone the new-adds to their domestic payroll for 2004, that's when I will believe this bullshit story.

[mth44sc]

19. Lets not forget the IBM statement on a month ago

On balance we still lost American jobs
____________

IBM to export programmer jobs to Asia
12/15/2003 12:23:05 AM

NEW YORK, Dec 14 (Reuters) - International Business Machines Corp. (IBM) , the world's largest computer company, will move the work of as many of 4,730 U.S. software programmers to India, China and elsewhere, the Wall Street Journal reported on Sunday.

The unannounced plan, which the newspaper said it viewed in company documents, would replace thousands of workers at IBM facilities in Southbury, Connecticut, Poughkeepsie in New York, Raleigh, North Carolina, Dallas, Boulder in Colorado, and elsewhere in the United States.

The Wall Street Journal said that about 947 people will be notified during the first half of 2004 that their work will be moved overseas. It was not yet clear how many of the other 3,700 jobs identified as "potential to move offshore" in the IBM documents will move next year or later, the paper said.

Armonk, New York-based IBM, which has about 315,000 employees around the world, has been among companies that have moved traditionally higher paid services jobs to low cost centers such as India in recent years. The company has said it will continue to build its services business abroad, because it makes IBM more competitive, saves its customers money and frees up funds for other purposes.

snip

http://cbs.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=2595&guid=%7B8FAFDC14%2DC2D9%2D4A0F%2DB56A%2DE9509C5EAF3F%7D&symb=

edit to correct IBM in tittle (how the hell do ya mis-spell IBM)

[Guaranteed]

21. Less than a THIRD of new hirees will be in the US?

What the hell kind of "American" company is that?? And they said that they're only hiring more than they're SHIFTING overseas?? Psssh. BS spin.

[muriel_volestrangler]

25. IBM is multinational

and has been for decades. Looking at its last quarter's results, 42% of its geographical revenue comes from the Americas (ie including Canada, Latin America and the Caribbean).

[classics]

22. The jobs will get exported but nobody will be hired.

This is the new way of spinning announcements of job losses.

Just cover up current outsourcing overseas with pie in the sky promises of hiring more people. Nobody will get hired, maybe a few shitty contract positions training Pakistanis to do the job, but in the end they will go too when the wave slaves finally figure out the job.