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IBM giveth, taketh away
Computer company plans to add 15,000 jobs this year, but will move some positions out of the U.S.
January 19, 2004: 2:13 PM EST

NEW YORK (CNNfn) - IBM plans to add about 15,000 jobs to its work force in 2004, but also plans to move some jobs off shore, a spokesman said Monday.

About 4,500 of those 15,000 jobs will be in the United States, the spokesman stated. He added that the company plans to relocate certain jobs to emerging nations, but no specific plans have been made.

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The new jobs would bring IBM's employee level to 330,000.

The comments came in response to an article in The Wall Street Journal citing internal documents that showed IBM expects to save $168 million annually starting in 2006 by shifting several thousand high-paying programming jobs overseas.

The spokesman refused to confirm the existence of the documents cited in the story or the differences in wage rates that were quoted.

The documents said IBM was looking at shifting jobs to China, India and Brazil, where wages for skilled programmers are substantially lower than in the United States.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.