Friday, March 18, 2005
International Business Machines Corp. (IBM), said Thursday (March 17) it would lay off about 500 workers in Sweden, nearly 9 percent of its work force in the country, according to an Associated Press report.
The report quoted an IBM spokeswoman as saying the company would close offices in Vaesteraas, Eskilstuna, Linkoeping, Alingsaas and Huskvarna, with the workers on those sites given notice of the pending layoffs.
Another report posted on the trade union Sif's Web site said 300 of the jobs will be cut in Vaesteraas, a city located 60 miles west of Stockholm. IBM has been providing mainly outsourcing services in Vaesteraas, for companies like LM Ericsson and the Swedish postal service.
Union officials reportedly said they feared the jobs would be outsourced to countries like India where expenses are cheaper, but the IBM spokeswoman said no decision had been made whether to move the jobs.
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