The coldness of this scam, cooked up by the big cheese Sam Parmesan, driven by the Oz n Yank show is simply breathtaking, this is not just a stab in the back, this is a stab in the front, delivered with the words "Shareholder value" on the IBM executive's lips, its disgusting, immoral and unfair and after 25+ years of gradual erosion of employees priviledges I should have seen it coming.....Tom Watson must be turning in his grave as it casts a murky shadow over IBM's reputation in the market.
The worrying point here is that IBM UK will next cut the maximum M Plan contribution to 4% next year in line with Government limits. You can be certain that this change will be next if they get away with the current proposals.
Where was the outcry in the US when IBM stole pensions from their US workforce based on age /not years of service and then further erroded what was left recently? GO UK users--then can we go back and again raise the issue over-ruled by US supreme court that IBM practices were not age discrimination?
IBM's has a core value of "Trust and responsibility in all relationships", but evidently that does not include employees. Meanwhile IBM has over 12 billion dollars in cash - yes you read that right - 12 BILLION!
The coldness of this scam, cooked up by the big cheese Sam Parmesan, driven by the Oz n Yank show is simply breathtaking, this is not just a stab in the back, this is a stab in the front, delivered with the words "Shareholder value" on the IBM executive's lips, its disgusting, immoral and unfair and after 25+ years of gradual erosion of employees priviledges I should have seen it coming.....Tom Watson must be turning in his grave as it casts a murky shadow over IBM's reputation in the market.
H1mkk 2 years ago 2
The worrying point here is that IBM UK will next cut the maximum M Plan contribution to 4% next year in line with Government limits. You can be certain that this change will be next if they get away with the current proposals.
This is a complete breech of trust by Riley.
IBMUKPension 2 years ago 2
Where was the outcry in the US when IBM stole pensions from their US workforce based on age /not years of service and then further erroded what was left recently? GO UK users--then can we go back and again raise the issue over-ruled by US supreme court that IBM practices were not age discrimination?
brennabew 2 years ago
IBM's has a core value of "Trust and responsibility in all relationships", but evidently that does not include employees. Meanwhile IBM has over 12 billion dollars in cash - yes you read that right - 12 BILLION!
sadolddeejay 2 years ago 4
Good, except that IBM aren't finding it difficult to fund the FSPS, just choosing not to ...
helenglanville 2 years ago 4