IBM to Lose 13,000 Jobs

KingDaveRa writes "The BBC is reporting that IBM is losing 13,000 jobs. This comes after disappointing financial results. Most jobs will be going in europe."

Comments

erm

[Turn-X Alphonse]

The blerb is misleading. This was reported earlier on BBC news 24 (about 5 hours ago) and they said IBM hasn't said where they will be cutting the jobs back. It could be in several places not just Europe.

Re: My uncle

[mikael]

I'm curious about that -- how do you think it could have been avoided?


Mrs T. was keen to cut away the dead wood (the declining shipbuilding industries) in order to give tax breaks to the South East. Not a bad thing by itself, but the money saved would have been better invested in retraining and education for the communities in the North of England. At the time of these cutbacks, the local people were crying out for financial assistance in regenerating their cities, but Mrs T. wouldn't help - She was only interested in tax-breaks for the City. As a result the Militant faction of Labour gained power. This led to Mrs T. imposing rate-capping on the various Labour city councils. Both sides (Militant Labour and the Conservatives) realized that this was going to be the class war of the decade and were determined to fight to the bitter end.

The collateral damage of this war, was that the middle classes left the inner cities a generation ago, moved down South and have never returned. It was only a decade later with financial aid from the EEC that the North of England is slowly regenerating. But the only new business that are setting up are service jobs: supermarkets, pubs, nightclubs and maybe the odd software company,.which usually gets bought out.

Instead, the communities in the North of England have continued emigration, with everyone who could, having moved down to the South of England, which itself is now becoming overcrowded and overpriced (So overcrowded, that they even building flats and houses on the communal piece of grass in the squares (three streets facing each other).

The current Labour government is trying to fix this "North-South divide" by dispersing asylum seekers and moving government jobs away from the South of England, but everyone wants to stay where the wealth is.