House of Paine

IBM SECRET BOON WOGGLES

"big big big time
         cost cuts "

            thats the hard ass  why 
             behind
                     using an " out source" 
                        as the new 
                            "in " source
                           for
                        corporate earnings growth ....

"that is
            long as u play thru  quietly ...."

             how ever
       
            some times that 
                                don't happen .....

                    ask IBM

=================================================================


 " Even as it proceeds with layoffs 
of up to 13,000 workers 
in Europe and the United States,
 I.B.M. plans to increase 
its payroll in India this year 
by more than 14,000 workers,
 according to an internal company document...". 

" I.B.M., 
the world's largest information technology company,
 is something of a corporate laboratory 
that highlights a trend...."


--------------- in source:
        leaked internal 
confidential memo -------------


 
" WashTech
a Washington State
based  hi tech nion outfit 
 gave the I.B.M. document
            to The New York Times. 
It is labeled "I.B.M. Confidential"
 and dated April 2005."

" An I.B.M. employee concerned 
about the shifting of jobs 
abroad provided the document to WashTech."


------------- the cost savings  per head  ?------------------
 

  " An experienced software programmer
 in the United States earning $75,000 a year
 can often be replaced by an Indian programme
 who earns $15,000 or so ".

------------ nice ----------------

" looking at job numbers alone, 
sez
 Joseph E. Stiglitz,
  a professor at Columbia University,
 understates the potential problem."

----------- indeed ------------------

 "What worries me "sez joe 
" is the enormous effect
 on wages, and the wrenching impact 
that will have on society," 

"The fact that globalization anxiety
 about jobs and wages 
does not extend to executive ranks 
has stirred resentment among workers" 

"
' Maybe the shareholders 
should look offshore 
for competitive executives
 who would collect 
less pay and fewer benefits '
                sez Lee Conrad
 national coordinator
of the Alliance@IBM, 
 a union-affiliated group
 that has 6,500 dues-paying members
 at I.B.M."

---------- by one calcualtion --------------
 

" every dollar spent offshore
  saves American companies 
        58 cents 
  and even a modest 
   10% of that gain
 if  conntributed
to a wage insurance program 
 could cover 70 percent 
of  expected
     income lost 
between a lost 
      out sourced  job 
         and  a likely  new one"

----that  calc
    sounds a triffle sky hooked
but the spirits headed left any way ---------------