IBM's restructuring plan includes voluntary and involuntary workforce reductions of between 10,000 and 13,000 employees worldwide.
“The majority of the overall workforce reductions are planned for Europe and IBM (Armonk, N.Y.) has initiated discussions of these changes with local consultation bodies. IBM reportedly employs about 100,000 workers in Europe.
The company also plans to realign its operations in Europe. It will create a number of smaller, more flexible local operating units in Europe to increase direct client contact.
As a result, IBM estimates that it will record a pre-tax charge of between $1.3 billion and $1.7 billion in the second quarter. ”
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