Updated May 1, 2012
By RICK SMITH, WRAL Tech Wire Editor
IBM early retirement plan protects takers from layoffs
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Research Triangle Park, N.C. —
An internal IBM memo leaked Tuesday outlines plans to offer an early retirement package to U.S. employees that offers those who accept by the end of next year protection from layoffs.Copyright 2013 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.
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