IBM changes 401(k) contribution plan; some workers revolt
Research Triangle Park, N.C. — IBM announces that it will no longer make 401(k) contributions to employees on a twice yearly basis but only annually in 2013. Plus, employees must be employed by Dec. 15 of each year in order to receive the company's match. The move angers IBM some employees, and the union seeking to represent them wants the decision reversed....
WRAL TechWire Publisher and Editor Rick Smith dishes out tidbits from the local technology sector. Read more articles…
Please Log In to add a comment.
Best of TechWire Insider
- Progress: Crowdfunding, economic development bill advances in Senate
- Crowdfunding bill moves - again - as part of different legislation
- AT&T already seeking permits for rollout of ultrafast network
- Latest stats show institutional venture capital in N.C. becoming a joke
- With cities on board, N.C. Next Generation Network is rolling toward first big deployment target
- Is IBM-Apple deal a slap in the face for Lenovo?
- A rare look into economic recruitment, requirements: Cary's disappearing 1,237 jobs document
- N.C. Senate committee to consider crowdfunding bill
- NCTA renames its '21 Awards,' to honor winners with 'Beacon'
- Vivek Wadhwa's book 'Innovating Women' hits markets Sept. 2