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| Home | Add URL (sw) | Modify a Site | Search | Administrative | What's Cool | Display a Resource 1999 was the year when many IBM employees' image of their employer was shattered. IBM had just switched its retirement plan into one that no longer rewarded long-time employees with heftier benefits. Under the new plan, retirement medical benefits were reduced, and some veteran workers saw cuts in pension payments. Employees recalled the period as a dark time in IBM's history in Vermont, when workers said they felt a blunt shift in the tenor of daily life at the Essex Junction plant. "It was clear that the company was no longer looking out for the interest of the employees as it had done in the past. Employees were now on their own," said Kemerer, who called himself a Watson-era employee after the former IBM chief executive known to have been very employee-centric. "It became a customer-driven place where the employees were a distant second." The bad taste of those days lingers still. IBM manufacturing worker Earl Mongeon described a "mass exodus" of employees in the wake of the pension change. (Link number 131 was added on 11-Jun-2003 and has had -92 hits. The source of this resource was found at http://cvpcug.com/favorite-places/News-and-media/Change_in_pension_plan-marked_shift_in_tenor_of_IBM_for_workers.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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