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
13,000 jobs Number of planned job losses
Announcement Date
4 May 2005
Employment effect (start)
Foreseen end date
Description
IBM the computer giant has announced plans to cut 13,000 jobs worldwide. Most of the job losses will be at IBM's European operations as the firm looks to focus on high-growth markets. These job losses represent about 4% of its total workforce and come about as part of a restructuring aimed at boosting profits. The company employs 100,000 staff in Europe, with about one quarter of those working in the United Kingdom.
Sources
5 May 2005: BBC News
Citation
Eurofound (2005), IBM, Internal restructuring in World, factsheet number 61520, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61520.
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