Magazine article from our research archive:

Effect on IBM staff reductions on local operations is unclear. (International Business Machines Corp.)

Effect on IBM staff reductions on local operations is unclear

ARMONK, N.Y., -- IBM's plan to reduce the number of global employees by 10,000 this year -- which will result in a $2.3 billion charge to finance employee retirement benefits -- will affect the company's Westchester operations, but it is not yet known to what degree.

Officials at International Business Machines Corp. said no layoffs are contemplated at this time.

The company hopes to achieve its goals through voluntary resignation incentives, early retirement and attrition.

IBM re-emphasized that the employee cuts are worldwide and not aimed at one particular area.

Because the reductions center ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!