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 This material may not be published, broadcast, rewritten or redistributed.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 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.
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.
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