Posted by Roger Burtenshaw on 22 September 2000 at 20:29:45:
Does anyone have any IBM/retiree contacts in other countries to determine/alert whether IBM is carrying out a worldwide robbing exercise on country pension funds?
In the US, IBM is still in trouble over its 'pension buyout, of employee pension rights. This resulted in most employees being significantly worse off, whilst the company was able to gain access to more than a $1bn of residual pension assets.