Well done: IBM shutting its Tampines plant, laying off more workers

[micromachine]

Nine years after it opened with much fanfare, global technology giant IBM’s manufacturing facility in Tampines will be shut, with the remaining workers to be laid off.

The shutting of the IBM Singapore Technology Park comes after several rounds of retrenchments were carried out between May and July last year.

.........majority of the employees — at least 70 per cent — will leave the company at the end of this month, while the rest will leave at the end of July.

Two of them, from separate teams with a combined strength of more than 50, each said that their whole team will be gone.

They were notified of the plant’s closure and their impending retrenchment in early March.

IBM’s employees will be receiving one month of salary for each year of service as part of their compensation package, while those working for its logistics subcontractor Geodis will be receiving two weeks of salary for each year of service.


More at https://tinyurI.com/y5qxyrf7

 

[Hypocrite-The]

Did not a pappie said, no retrenchments I worry?

 

[JiuHuKia]

Singapore gone case everyone moving to Malaysia because cheaper rent and manpower.

 

[syed putra]

Singapore gone case everyone moving to Malaysia because cheaper rent and manpower.

I think they are all moving back to the US as trump giving them incentives.
As for the japs, automation makes production in japan just as cheap as in thailand.

 

[krafty]

they invested so much in the manufacturing plant but yet abandoned it to move back to states. i can think of costs as main reason and probably the workers must not be ideal for their jobs. this is a big decision.

 

[nangkhammei]

I think they are all moving back to the US as trump giving them incentives.
As for the japs, automation makes production in japan just as cheap as in thailand.

Trump is the best

 

[syed putra]

they invested so much in the manufacturing plant but yet abandoned it to move back to states. i can think of costs as main reason and probably the workers must not be ideal for their jobs. this is a big decision.

Based on their total revenue, abandoning the plant is miniscule. The workers can even ask to take over the plant and be contractors to ibm if they are keen on outsourcing. I have seen many times this occured when US plants have plans to shut down.

 

[krafty]

Based on their total revenue, abandoning the plant is miniscule. The workers can even ask to take over the plant and be contractors to ibm if they are keen on outsourcing. I have seen many times this occured when US plants have plans to shut down.

something went wrong somewhere perhaps, what are we missing??

 

[syed putra]

something went wrong somewhere perhaps, what are we missing??

Ginni rometty ibm ceo.

 

[krafty]

Ginni rometty ibm ceo.

ibm is a machine of the past, i doubt they can sustain that kind of revenue for the future. 80 billion usd in 2o18.

 

[A Singaporean]

Sinkies will br retrenched. FTs will br kept.

 

[laksaboy]

Ginni rometty ibm ceo.

Another American tech company ruined by a fucked up female CEO. There has been quite a few over the years.

"But we need more female representation in cushy corporate jobs!"

 

[winnipegjets]

Sinkies will br retrenched. FTs will br kept.

This is a given. The PAP policy is foreigners first, sinkees last.

 

[syed putra]

Another American tech company ruined by a fucked up female CEO. There has been quite a few over the years.

"But we need more female representation in cushy corporate jobs!"

This one started the trend with hp-compaq merger

 

[Xisiqomelir]

ibm is a machine of the past, i doubt they can sustain that kind of revenue for the future. 80 billion usd in 2o18.

Are you sure about that? The vast majority of Big Blue's revenue is cloud services and cloud service-related consulting and add-ons. Legacy hardware is minuscule in comparison. Now that they've bought Red Hat they basically own the Linux distro family (RHEL/Fedora/Scientific/CentOS) most deployed in production servers worldwide.

 

[Leongsam]

Are you sure about that? The vast majority of Big Blue's revenue is cloud services and cloud service-related consulting and add-ons. Legacy hardware is minuscule in comparison. Now that they've bought Red Hat they basically own the Linux distro family (RHEL/Fedora/Scientific/CentOS) most deployed in production servers worldwide.

Kraftsy thinks IBM is still making typewriters.

 

[krafty]

Are you sure about that? The vast majority of Big Blue's revenue is cloud services and cloud service-related consulting and add-ons. Legacy hardware is minuscule in comparison. Now that they've bought Red Hat they basically own the Linux distro family (RHEL/Fedora/Scientific/CentOS) most deployed in production servers worldwide.

so many cloud players, there are google, microsoft and other international especially the europeans. your history of revenue is no guarantee they will sustain this kind of revenue.

 

[syed putra]

so many cloud players, there are google, microsoft and other international especially the europeans. your history of revenue is no guarantee they will sustain this kind of revenue.

Ibm, if i am not mistaken, were the guys who developed windows and mouse but bosses could not envisage its use and gave it away to microsoft and apple.

 

[laksaboy]

Amazon is another major player in the cloud business.

There are also other companies catering to more specific needs e.g. Salesforce.

 

[Rogue Trader]

IBM is another American company that is going into shit because of hiring ah nehs