Employee Group Reporting 1,100 IBM Job Cuts

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

IBM layoffsIBM Corp. has laid off roughly 1,100 workers in North America this week, a union organizing group said Tuesday.

Lee Conrad, national coordinator at Alliance(at)IBM, said that employees are reporting that the cuts have been made across business segments in the U.S. and some parts of Canada.

Search Job Openings

In Partnership With

Alliance(at)IBM, which is affiliated with the Communication Workers of America, is not a recognized union at IBM, but has been trying to organize employees.

IBM did not immediately respond to phone calls for comment. The company, based in Armonk, N.Y., is the world's largest computer-services provider. It employed 433,362 worldwide as of Dec. 31, according to regulatory filings.

IBM reported in January that its fourth-quarter earnings rose to beat expectations on stronger revenue and improved margins. For all of 2011, IBM earned $15.86 billion, or $13.06 per share, up 7 percent from 2010.

It also raised its outlook for 2012.

Shares of IBM rose 45 cents to close at $197.98 Tuesday.



Next: Unemployment Applications Dip To A 4-Year Low



Don't Miss: Companies Hiring Now



Stories from Personal Branding Blog


AP

Editor

© 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

Add a Comment

*0 / 3000 Character Maximum

Search Jobs

In Partnership With
Keywords:
Location:

Search Articles

Top Companies Hiring

July 20 - July 27

Looking for work? See what companies added new openings this week.

×

Check out our new Map Search

Locate your next job using the new AOL Jobs Map Search!

Pin down your next great opportunity today.