CNN/Money 
News > Technology
graphic
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.

YOUR E-MAIL ALERTS
IBM
Jobs
Employees

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




  More on TECHNOLOGY
Facebook tells DEA: Stop impersonating users
Apple Pay launches today
AmazonFresh groceries arrive in Brooklyn
  TODAY'S TOP STORIES
How to make $2.7 billion in a week
Panic over? Calm returns to stocks
'I bought a house for $1,000'




graphic graphic

Market indexes 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. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes 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. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.