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.
https://mothership.sg/2019/04/ibm-tampines-retrenchment/
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.
Will more foreigners and expats will take a personal loan before going back to their country?
I guess most of them are FT
Not a big issue, we were info of the information by HR as early as 6months and some 1 year about the movement and arrangement. Staffs are given choices to choose if they prefer to stay till the last day of work. Many ohers move on to and secured other jobs opportunities elsewhere. We will survive!
Yes, I took a break from work, after retrenchment.
After all these years of working, I discover that I actually do not require so much salary and i spend even lesser when I m not working. All the income that I earn will eventually returned to the society in some other way, like transport cost to work/ dressing, breakfast, lunch during work and many other expenses.
When I work more and harder, I tend to reward myself more in food, massage, tours etc. The world is using my body and energy to keep the money world moving.
I even had an eye opener when I was free to watch the documentary Heal fron Netflix.
On my god this world. nothing last forever, and all of us are moving in the wrong direction and chasing the wrong goal after all.
Hi, very nice website, cheers!
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