Thread regarding IBM layoffs

IBM To Add 1,800 Jobs In France And New Tech Training

I'm sure it's a zero-sum game: so 1800 new hires means 1800 RA's of current employees 40+ years & older. . .

http://www.rttnews.com/2897980/ibm-to-add-1800-jobs-in-france-and-new-tech-training.aspx

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Post ID: @OP+TjJXIXC

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These are the terribly named "new collar" jobs. That is, low paid, low skilled jobs that have little future. As the conveyor belt from these schools is scaled up, more new people will be taken on, while the existing folks get the chop.

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Post ID: @1yns+TjJXIXC

Yup.. there will be 1800 RA's no doubt. As part of Macron's broad push for growth, France recently passed a law that makes it easier for companies to fire existing employees. As intended by the lawmakers, this has led to widespread firing of older people and hiring of younger people who had long been stuck with a 25% unemployment rate because French companies couldn't easily get rid of their older employees. IBM is simply taking advantage of the new law to fire the old & hire the young while making it seem like they are doing something special.

https://www.nytimes.com/2018/01/23/business/france-labor-jobs.html

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