Bloomberg: IBM to Cut Thousands of Jobs in Western Europe, Observer Says - by Grant Smith

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IBM to Cut Thousands of Jobs in Western Europe, Observer Says - by Grant Smith

plans to cut “thousands” of staff in the U.K., Germany and Ireland as it shifts jobs to eastern Europe, China, India and South America, the Observer reported. Job reductions have already been carried out in western Europe and more will be made within months, the newspaper said, citing Lee Conrad of Alliance@IBM, a network for company employees. Indian workers at the company earn about 10 percent of the amount paid to U.S. employees performing similar tasks, according to the newspaper.