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March 2004, Week 1

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Subject:	IBM starts fund to aid displaced workers
From:	Mark Wonsil <[log in to unmask]>
Reply To:	Mark Wonsil <[log in to unmask]>
Date:	Tue, 2 Mar 2004 14:32:59 -0500
Content-Type:	text/plain
Parts/Attachments:	text/plain (23 lines)

MARCH 02, 2004 (IDG NEWS SERVICE) - IBM will create a $25 million, two-year
training fund to assist employees who fear that their jobs are at risk of
being shipped away to lower-cost locations, company executives said
yesterday at IBM's PartnerWorld conference.
The growing clamor in the U.S. about jobs lost to outsourcing unnecessarily
begrudges the employment gains of "countries that are simply trying to
improve the standards of living of their people," IBM Chairman and CEO Sam
Palmisano said during a keynote address at the conference, which is being
held in Las Vegas.

Called the Human Capital Alliance, the fund will help workers in positions
likely to be affected by the outsourcing trend to retrain for new jobs,
ideally with IBM or one of its business partners, according to IBM spokesman
Clint Roswell.
...
Full story:
http://www.computerworld.com/managementtopics/outsourcing/story/0,10801,9069
0,00.html?nas=AM-90690 or
http://tinyurl.com/yq223

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