LayoffBlog.com

April 13, 2009

IBM set to axe thousands in move to cheap labour abroad

IBM is planning to axe thousands of jobs in Britain, Germany and Ireland as part of a broader move to shift much of its workforce to cheaper outlets in eastern Europe, China, India and South America, the Observer has learned.

IBM workers in India earn an average $5,000 a year, compared with between $50,000 and $80,000 for a similar job in the US.

The expected European job cuts come on top of 5,000 recent layoffs at IBM in America. The US cuts brought the total number of redundancies on IBM’s home turf to around 9,600 for the first three months of the year.

Source: Guardian

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