Rueters news article on IBM actions

[Glenn Ericson <Glenn-Ericson@xxxxxxx>]

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Read this  report on IBM job cuts  by Reuters
What does IBM do or manufacture  in Beaverton OR?
The  report  also went on to say there  is a
weaker corporate demand for new technology.
Is the technology demand weaker or  no budget to spend?

IBM lays off staff in computer plants, operations

NEW YORK, May 24 (Reuters) - International Business Machines Corp. (IBM)
said on Friday it has laid off an unspecified number of employees at plants
where it makes large computers.
         SNIP
He said the cuts included 225 server jobs in Endicott; 144 jobs in
Poughkeepsie, New York; 150 jobs in Rochester, Minnesota; and 250 jobs in
Beaverton, Oregon. He said 250 jobs were cut from various divisions at
Research Triangle Park, North Carolina, where large computers are also made.
         SNIP
Sources familiar with the situation have said IBM plans to cut 7,950 to
9,540 jobs, or 2.5 percent to 3 percent of its work force.
IBM has declined to comment on the broad cuts, but its new chief executive,
Sam Palmisano, hinted of such reductions during a recent meeting with
analysts. [SNIP] Palmisano says the company needs to cut costs to align
operations with weaker corporate demand for new technology.
  REUTERS © 2002 Reuters

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