bbc pension report ref ibm 2009 changes
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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.
2 years ago 2
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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.
2 years ago 2
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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?
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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