back to article IBM wafts stat minimum redundo terms under noses of Global Tech Services staff

IBM has fired the starting gun on voluntary redundancies for UK staff working in the Technology Support Services (TSS) unit of the Global Technology Services division (GTS). The number it is looking for? Ten. Big Blue confirmed on 7 June that globally it will chop 1,700 heads across multiple divisions. The latest cost purge, …

  1. trevorde

    Obvious type

    must be missing at least one zero, most likely two

  2. KittenHuffer

    "IBM has misfired since 2012 when revenues peaked at $106.9m. In calendar 2018 the company reported turnover of $79.6bn."

    Is their turnover in the Million range? Or the Billion range? There is quite a difference between the two!

  3. Anonymous Coward
    Anonymous Coward

    Food for thought.

    One day the chance to leave with some money will no longer be available. All staff in scope should submit an EOI to find out if IBM think they can do without you. There is no obligation to accept an offer and you will then know your worth to IBM.

    1. ByTheSea

      Re: Food for thought.

      "One day the chance to leave with some money will no longer be available."

      Unlikely since they are only now offering statutory redundancy terms and will be compelled to continue that offer.

      1. Anonymous Coward
        Anonymous Coward

        Re: Food for thought.

        You assume IBM will still exist.

        As an ex-IBMer I will be sad to see that day.

  4. BebopWeBop Silver badge

    and the potential to pay for an additional pension contribution from ex-gratia payment.

    that old chestnut. Still the old ones are the best ones.

  5. Anna Logg

    "An ex-gratia payment that equates to statutory redundancy terms" not seeing how legal minimum is ex-gratia :-/

    1. Yet Another Anonymous coward Silver badge

      Is ex-gratia Latin for no-thanks ?

  6. Anonymous Coward
    Anonymous Coward

    Seems they are replacing western European staff with cheaper labour. Indian if possible, if not then eastern European.

    Reduces costs, but as with most things there may be a future price.

  7. midcapwarrior

    What happens if you raise your hand and they say you can't leave.

    Guess you have to hold it until the inevitable next round.

    1. Anonymous Coward
      Anonymous Coward

      Re: What happens if you raise your hand and they say you can't leave.

      They must want you and so you should ask for a pay rise.

  8. IceC0ld Silver badge

    IBM has misfired since 2012 when revenues peaked at $106.9bn. In calendar 2018 the company reported turnover of $79.6bn.

    now, it MAY just be me, BUT, if I was owner of a Co that was kicking up 79 BILLION of - I will assume this to be profit - then maybe I would consider it to be doing just rather damn fine, and maybe I would leave it alone ?

    staff morale may not be something you can find on the bottom line, but I imagine it will have an impact on things going forward, if you were to keep trimming away ?

    as I said, it may just be me though :o)

    1. Steve K Silver badge

      . In calendar 2018 the company reported turnover of $79.6bn.

      now, it MAY just be me, BUT, if I was owner of a Co that was kicking up 79 BILLION of - I will assume this to be profit

      No - it's $79.6 bn of turnover(=revenue/income).

      If profits were indeed $79.6bn in this case then they would have no need to cut costs as by definition they would be zero here..

  9. I'm Dugly

    Is there ever any good news that comes out of IBM?

    1. Anonymous Coward
      Anonymous Coward

      P45 ?

      ( Pink slip for Yankees. )

  10. hoola Bronze badge

    Gobbledigook

    The language these people use is just amazing. You could read the extracts from IBM and be totally unaware that they are axing jobs.

    1. Yet Another Anonymous coward Silver badge

      Re: Gobbledigook

      Also not clear who they are trying to fool. Wall st analysts, potential customers or their own remaining staff ?

      Not sure any of them are actually that stupid.

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