IBM lays off staff while MOM says it will not comment on "speculative restructuring exercises of any company"

Yesterday, July 22, TODAY, IBM was laying off hundreds of collaborators at its Tampines plant over the last few months

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IBM staff and subcontractors said that today, at least 200 people were fired. In fact, they revealed that few rounds of layoffs have occurred in recent months.

The first and second layoffs took place in May and June respectively and a third round will take place at the end of July.

It is estimated that there are about 400 to 600 people working in the Tampines plant.

When contacted, IBM is content to say that this move is part of its "ongoing review of the most efficient way of sourcing"

A local IBM engineer, who did not wish to be named, said that about 30 to 40% of the total staff were laid off

DPM Tharman opened the 365,000-square-foot facility with great pomp in 2010. [19659003] Respondent On TODAY's requests, a spokesman for the Department of Labor said: "We are not commenting on any impending or speculative restructuring exercise of a company." [19659010] This entry was posted in Current Affairs, Labor. published in Current Affairs, Labor. [19659013] [ad_2]
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