Updated May 1, 2012

Premium Lock IBM early retirement plan protects takers from layoffs

Published: 2012-05-01 10:15:00
Updated: 2012-05-01 12:18:07

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By RICK SMITH, WRAL Tech Wire Editor ...

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Copyright 2014 WRAL Tech Wire. All rights reserved.
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The effect of the IBM layoffs is much greater than just putting Americans out of work. It demonstrates IBM's lack of patriotism, and negative impact on the American social environment. The story of where IBM has changed and where it is going, can be seen with the original Twilight Zone "Brain Center at Whipples". a great anology. -- (Retired IBMer 34years)
Looks to me this is just a way to cut pay of people that are about to retire in exchange for a pledge not to lay them off.
So, more layoffs are coming for IBM? Is that what this is telling us?
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