IBM to cut 700 more jobs in Germany: report

26th May 2005, Comments 0 comments

26 May 2005, HAMBURG - IBM is planning to cut 700 jobs in Germany as part of the company's worldwide payroll-slashing effort, the Financial Times Deutschland reported on Thursday.

26 May 2005

HAMBURG - IBM is planning to cut 700 jobs in Germany as part of the company's worldwide payroll-slashing effort, the Financial Times Deutschland reported on Thursday.

The report cited sources at the Stuttgart-based IBM Deutschland GmbH for the job-cut figure now being considered by IBM Germany chief Johann Weihen.

The reductions would come atop the 580 job cuts announced in early March as a result of closing two IBM sites in the cities of Hanover and Schweinfurt, the paper said.

An IBM spokeswoman in Stuttgart declined to comment on the report when contacted by Deutsche Presse-Agentur.

IBM is in the process of chopping 13,000 jobs from its worldwide payrolls of some 329,000 employees. The company has around 27,000 employees in Germany.

DPA

Subject: German news

0 Comments To This Article