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IBM cuts 600 jobs in chip unit

By Julio Franco
Aug 18, 2003
  1. Amid continued sluggishness in its chipmaking business, IBM has cut more than 600 jobs, with most of the losses affecting at a plant in Vermont.

    About 500 of the jobs being eliminated are at a plant near Burlington, Vt., with the rest scattered among the company's other IBM Microelectronics facilities in the United States, the company said Monday. In addition, Big Blue is requiring a number of employees in its chipmaking unit, including top executives, to take a week of unpaid leave.

    Read more: CNet News.
     
  2. JSR

    JSR Banned Posts: 730

    but, they'll boost their workforce

    in india to 10,000 by months end
     
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