The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
580 jobs Number of planned job losses
Announcement Date
3 March 2005
Employment effect (start)
Foreseen end date
30 September 2005
Description
IBM is planning to cut 580 jobs at its German IT services subsidiary IBM Business Services GmbH, and, according to a company spokesman, forced redundancies are not ruled out. The aim of the cuts is to reduce costs on a highly competitive market.
The group is reported to be planning to cut 330 jobs at its Schweinfurt site and 250 at Hanover. It also announced its intention to transfer jobs in order processing to Eastern Europe. Ver.di, the German services sector union, has criticised the job-cutting plan, saying that management is attempting to avoid taking responsibility for errors in outsourcing business. The company informed its employees Thursday of its intention to close down the two sites, but negotiations with the workers council will start next week, management said. A precise closure date is not yet known.
Sources
20 March 2007: Handelsblatt
Citation
Eurofound (2005), IBM, Closure in Germany, factsheet number 61319, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61319.
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