CTPO
Ah those were the days, back in the 80's, the old "Career Transition Programme"
IBM is offering staff voluntary redundancy just two days into the consultation period. The discussion period began 23 February and IBM yesterday announced a "voluntary separation programme". The offer is to UK staff at IBM's Global Services Delivery. They have until 8 March to express interest in leaving Big Blue. Managers …
FAP - the Financial Assistance Program for IBM US employees ..
SIP - the Separation Incentive Plan ..
I took the package in 2005, and thank &deity. that I did. It actually hurts me that the writer of the article thinks that only now are the cuts hitting muscle; they have been losing genuinely talented people since the 90s.
According to the Alliance website, there are many redundancies across IBM US today:
http://www.endicottalliance.org/jobcutsreports.php
and also reports of redundancies in IBM Australia. In IBM UK, the 'Redundancy by Stealth' programme from last year is still not complete, with 800+ employees being forced into early retirement without compensation. See the debate in the UK Parliament for details:
http://news.bbc.co.uk/democracylive/hi/house_of_commons/newsid_8452000/8452051.stm
with the transcript at:
http://www.publications.parliament.uk/pa/cm200910/cmhansrd/cm100113/halltext/100113h0010.htm#10011364000002
And yet another redundancy programme (forced and voluntary) has been started.