* Posts by Grumpy Lemur

2 posts • joined 24 Sep 2019

Take a Big Blue cheque and go: IBM settles 281 UK age discrim cases

Grumpy Lemur

Re: confidential terms

This situation isn’t a simple question of age discrimination as the article suggests - therefore cannot be seen as some sort of vicarious revenge attack on Baby Boomers. The fact is, IBM U.K. put itself in serious breach of good faith by disguising a separation as a change to the pension scheme. The company handled the whole thing astonishingly badly and was clearly making it up as it went along. It was found guilty in a huge and complex court judgement. It appealed but not against the judgement - only against the punishment - leaving the way for these settlements. Of course that route was only available to those who left the company. Those of us still stuck on the headcount were hardly likely to sue. If they’d wanted to get rid of the “wrinklies” they could have funded a generous separation package. Or they could have offered early retirement. They’d been doing both for most of the 80s, 90s and 00s. Instead they came up with A Cunning Plan which cost them a fortune and alienated the generation that built Big Blue.

You've got (Ginni's) mail! Judge orders IBM to cough up CEO, execs' internal memos in age-discrim legal battle

Grumpy Lemur

Re: Young people

My experience working at Big Blue in the U.K. for years is that young people do want to go there. It’s not a bad name to have on your resume. However they don’t stay which means someone else gets the benefit of the investment the company made in them. One of the problems is that the sorts of things that used to buy loyalty - good retirement packages, strong corporate culture etc - have all gone and IBM is reluctant to pay top dollar to compensate.

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