Pay and benefits detailed for workers due to get laid off Thursday. The severance package IBM is expected to give employees selected for a layoff includes a lump-sum severance payment, as well as counseling and financial planning services.
IBM is expected on Thursday to lay off as many as 4,000 to 5,000 employees in its global business services unit, according to the Alliance@IBM.
This particular severance package, distributed tonight by the union, lists employees -- by title and age alone -- in the applications services unit that have been selected for the layoff. The number affected is 1,674 in total.
The company has already cut some 4,000 workers in a number of business units this year, according to the alliance.
Friday, March 27, 2009
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