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International Business Machines Corporation Message Board

  • perks522 perks522 Jun 19, 1999 1:08 PM Flag

    important information

    I am not trying to hustle anyone like most
    post.This post is only for information. I have a close
    relative working for IBM and it sounds to me like this
    company is starting to lose sight of reality.
    At a
    time when good people are hard to find and tech people
    really hard to find IBM is cutting pension payments. I
    am told moral is so low it must sooner or later
    impact on the bottom line.The wall street journal had a
    long article on it so they think something is wrong.
    Now on Fri I was informed that they are now limiting
    everyone to 3 weeks vacation. So if you are a 20 year
    employee who last week lost some of your pension now you
    just lost 1 or 2 weeks vacation. Managment coming off
    a record quarter must be losing their mind. I can
    not believe everyone at the top thinks this is a
    great idea. Watch for any lose of rev in the next
    quarter and the sept. quarter that will be a sign that
    the production level is going down fast.

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