Amazed that IBM in New York still pretends in court that it doesn’t run #IBM_Japan.

The JMIU’s blog has quite a number of entries on what it tags as the 4th Quarter 2008 “risutora” (08-4Q リストラ) or restructuring.

I was in IBM Japan during 2008, as well as the Cognos unit, and there was never a formal announcement about “risutora”. Just whispers.

But outside the firm, and especially in New York, the top management was very candid with securities analysts in a presentation:

3QのJapan IOTの業績が悪かったことから、組合が危惧していた通り、近年にはない大掛かりなリストラがスタートした模様です。

具体的には、USでIBMのトップマネジメントが証券アナリストに話した内容の中に次のような一節があります。
「日本で「キャリア選択援助計画」を終了させる。浮いた1億ドルの多くを日本での「Workforce Action」(=リストラ)に使い、日本IBMの収益構造をより競争力のあるものにする。」

. . . with its rough translation as:

Since the results of Japan IOT in 3Q [2008] was bad, as the union was concerned, it is likely a major restructuring for the current year has yet to start.

More specifically, there is a passage, such as the following, from the top management of what IBM told securities analysts in US: “Terminate the ‘Assistance Plan Career Choice’ program in Japan. We will use most of saved 100 million dollars from a ‘Workforce Action’ (= restructuring) in Japan to make the earnings structure of IBM JAPAN more competitive.”

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