No free tea or coffee for staff at IBM offices from May 1April 14th, 2009 - 2:52 pm ICT by ANI
Melbourne, Apr 14 (ANI): IBM worldwide has begun cost cuts in order to battle the effects of the global financial crisis and will scrap office amenities such as tea and coffee, and even company-funded home internet access.
From May 1, IBM will cease to reimburse Internet access for staff working from home. Direct pay corporate managed and contracted home Internet services will also be scrapped.
“IBM will cease the reimbursement of home internet access for employees,” The Australian quoted the company, as saying in an email to staff.
“Secondly, over the next several months the provision of some office amenities, including tea and coffee supplies, will be phased out. Where it makes sense, our intent is to replace this with user-paid vending machines at selected sites.”
IBM said the expiring home Internet policy was developed in the 1990s, when home Internet was not the norm.
The cost-cutting measures would allow IBM to continue workforce programs including a salary bonus pool, a single-cycle salary review later in the year, funding education to support revenue generation and continuing to invest billions in research and development, it said.
IBM Australia declined to reveal how much money it expected to save from the cost-cutting initiatives.
IBM reported a 12 per cent gain to 4.4 billion dollars in net income for the fourth quarter of 2008, but slipped 6 per cent in revenue to 27 billion dollars when the recession hit technology spending.
In January, IBM sent layoff notices to more than 2800 people in its sales and software groups in the US. The latest round of job cuts at IBM was announced last month, when industry sources said another 5000 IBM workers in the US would lose their jobs. (ANI)
- Unions protest HSBC's plan to axe 3,000 jobs in Hong Kong - Sep 08, 2011
- Greece to lay off more than 27,000 state workers - Oct 04, 2011
- HSBC to cut another 25,000 jobs despite rise in profits - Aug 02, 2011
- Greek riot police clash with demonstrators during nationwide strike - Oct 06, 2011
- Infosys to pick up most of IBMs support contract with Australias Telstra - Mar 24, 2009
- MPs' salary hike: Do they have a case? (Special) - Aug 31, 2010
- School lollipop ladies axed by Brit council to save money - Dec 28, 2010
- Britain's Gurkha soldiers to lose jobs - Jan 17, 2012
- Brit shoppers not connected with Internet may be paying 2.7 billion dollars more per year - Oct 18, 2010
- BRIC revenues help push IBM profits - Apr 18, 2012
- Parliament panel asks railway to hike fares to ensure safety - Mar 05, 2012
- Libya blocks Internet to stifle information about insurrection - Mar 05, 2011
- WikiLeaks' Assange paid 66,000 euros in 2010 - Dec 24, 2010
- Assam industry bats for tea as national drink - May 19, 2012
- Britain loses revenue due to poor online spellings - Jul 15, 2011
Tags: billion dollars, billions, bonus pool, coffee supplies, fourth quarter, free tea, funding education, global financial crisis, home internet services, industry sources, internet policy, layoff notices, net income, office amenities, recession, revenue generation, software groups, vending machines, workforce programs, working from home