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
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