Thread regarding IBM layoffs

Canadian Layoffs Going as Planned.

IBM Canada continues to target employees with actions ranging from new co-location demands to management 'encouraging' workers to leave on their own volition. At the heart of their problem are Canadian labor laws that require IBM to pay roughly one month severance for every year of service. In the past, IBM just payed the severance and moved on. In recent years, they have found a better method: offer a fraction of legal severance pay and force the terminated employee to go to court. With potential payments averaging 18-24 months salary for senior employees, IBM now offers from 6 to 10 months severance pay and then says, "take it or leave it". Many people don't have the resources to fight or don't what they are entitled to. They take the "low-ball" offer. For those who do fight, here's how it goes down: IBM delays proceedings and stretches out legal wrangling for up to 20 months. Then, just before a trial date, they offer a new settlement. It will be just below the legal severance scale. The tired and exasperated ex-employee, after paying tens of thousands of dollars in legal bills, often accepts the deal, rather than continue with the uncertainty of a trial.

I know even this sounds good to US employees who receive virtually no severance in comparison. Make no mistake about it. The game is the same. IBM wants to discourage ex-employeees from fighting. They are sinking to new lows in desperate attempts to curtail losses after 5 years of revenue declines. Donald Tump would be proud - and probably is.

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Post ID: @OP+Q6DSn4V

7 replies (most recent on top)

but if the employee doesn't accept that "new settlement" from IBM and continues that fight, what is the likely outcome from that? Surely you have seen cases where a legal settlement has gone through due process.

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Post ID: @bxzp+Q6DSn4V

Go Canada.

So sad...

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Post ID: @2rpu+Q6DSn4V

What happened to: I am so proud to be an IBMer?

IBM = Idiots Become Managers

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Post ID: @2jkp+Q6DSn4V

Unbelievable - IBM Canadians (or at least one in this string!) trying to blame Trump for their layoff??? or at least tie him to it as if he would like it???!!! When you get a substantial severance anyway???! Get a life and enjoy socialism up there...........

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Post ID: @1tev+Q6DSn4V

I have 40 years with IBM. I should move to Canada and get laid off - 3 1/2 years of severance carries me well into retirement.

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Post ID: @1idl+Q6DSn4V

Is Justin Trudeau proud? He has a lot more to do with this than Donald Trump.

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Post ID: @1cdb+Q6DSn4V

I do not think Donald Trump would be proud, he has nothing to do with what IBM is doing. There is no need to bring in your political slant to the subject.

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Post ID: @1qlu+Q6DSn4V

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