Thursday, January 22, 2009

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IBM Layoffs Coming this week??

“The Alliance is strongly urging IBM not to go forward with a new round of job cuts and to stop the off-shoring of U.S. workers’ jobs,” said Lee Conrad, national coordinator of Alliance@IBM CWA Local 1701. o

The Alliance suggests that IBM take these steps:

1. IBM must make every effort to save jobs.

2. If cost cutting is needed, IBM should suspend its stock buyback program — the company has spent $26 billion since 2007 — instead of terminating workers.

3. If job cuts occur, IBM must divulge the number of job cuts, where they are taking place and whether any of these affected jobs are being shifted offshore.

4. Executive positions should be eliminated in divisions where job cuts occur.

5. Pay, bonuses and perquisites for executives should be slashed.

6. Work cannot be shifted from IBM workers in the United States to offshore locations.

7. Full disclosure of why individual jobs are being eliminated is essential.

8. Before any new hires are added to the payroll, IBM must recall and rehire employees terminated in past resource actions.

Will it happen?


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