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IBM to axe 13,000 jobs worldwide

Discussion in 'News' started by tripwire45, May 6, 2005.

  1. tripwire45
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    IBM to axe 13,000 jobs worldwide



    Computer giant IBM will cut 13,000 jobs worldwide, or about 4% of its total workforce, as part of a restructuring aimed at boosting profits.

    Most of the job losses will be at IBM's European operations as the firm looks to focus on high-growth markets.

    IBM, the world's biggest computer company, said the plans would cost between $1.3bn (£684m) and $1.7bn.

    The company employs 100,000 staff in Europe, with about 25,000 of those working in the United Kingdom.

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