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| Home | Add URL (sw) | Modify a Site | Search | Administrative | What's Cool | Display a Resource IBM is thriving, but for how long? A year after the state's top private employer announced the largest job cuts in recent history, IBM Corp. is becoming more profitable and its Vermont plant remains at the cutting edge. One analyst said what was done last year appeared to be enough to shave costs for now, but might not be adequate for the long-term. A year ago today IBM announced it was shedding 988 jobs at its plant in Essex Junction. The cuts came on the heels of an announcement in November 2001 that the company was eliminating 500 jobs at its Vermont plant. The cuts were part of an effort to trim $1 billion to $2 billion in expenses -- mostly from low-profit product lines -- because of the lingering slump in the technology industry. At the same time, IBM restructured its Microelectronics division by creating a custom engineering department and providing outsourcing services for its customers. The realignment seems to be working, said Jeff Couture, IBM's Vermont spokesman. (Link number 129 was added on 5-Jun-2003 and has had 27 hits. The source of this resource was found at http://cvpcug.com/favorite-places/News-and-media/IBM_thrives_but_for_how_long.html . This resource no longer appears to be available. But you are free to click on the red links anyway if you like. Display, modify, or delete resource in a separate tab or window.) _blank Simular Resources

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