IBM is shutting its Tampines plant, laying off the remaining workers.
The shutting of the IBM Singapore Technology Park comes after several rounds of retrenchments were carried out between May and July last year.
IBM said that the manufacturing of its mainframe computers, known as IBM Z, will move to Poughkeepsie, New York in the United States.
The previous headline has been amended from “600 retrenched” to “all workers retrenched” as it is not clear how many workers who are full-timers are still left in the company and who will be axed in this current retrenchment exercise.
IBM had planned to slash 10,000 staff members from its global workforce and re-assign another 30,000 to new roles.
This is part of a restructuring of its global technology services division.
IBM has been in Singapore for 66 years. It remains committed to being an essential part of its growth, and is working with many companies in Singapore to enhance its position as a worldwide innovation hub,” a company spokesperson said.
Several media outlets reported earlier this year that IBM had planned to slash 10,000 staff members from its global workforce, and re-assign another 30,000 to new roles as part of its restructuring of its global technology services division.
The 107-year-old company reaped a profit of about US$8.7 billion (S$11.8 billion) last year, which is about a 52 per cent increase from a year ago.
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