In Reply to: Re: I don't believe it - this cant be the IBM way ? posted by HarryMac on 31 January 2006 at 10:33:23:
If you read the letter on the Pensions Trust website (see link below) again you'll see that it's not that the cost of providing pensions that has increased, but that IBM's ability to afford that cost has decreased (or so IBM says).
Dave (no need for the hat)