TULSA, Okla. (AP) -- IBM plans to move 350 finance and accounting positions from Tulsa to Buenos Aires, Argentina, over the next two years.

IBM spokesman Jeff Tieszen also confirmed Tuesday that another 48 Houston-based staff members are also being transferred.

''There are some positions opening up with clients in Houston that IBM staff will be able to apply for,'' Jeff Tieszen, an IBM spokesman, said. ''Employees not retained will receive severance.''

The company's Tulsa operation began in 1930 with seven employees. It now employs nearly 1,100 people, not including contractors.