IBM Vt. Layoffs Estimated At More Than 300
MONTPELIER, Vt. (AP) — Vermont's labor commissioner says it's estimated that IBM laid off more than 300 workers in its recent round of job cuts, but a firmer total should be known by the end of next week.
Annie Noonan says IBM is required to notify the Labor Department within 24 hours of job separations becoming final, which is set to happen next Friday, July 12. She says by then the state should have a reliable figure of the total job cuts made public on June 12.
IBM has a policy of not releasing layoff totals.
Noonan bases her estimate of about 310 on the numbers of IBM employees who have been showing up at state-run seminars on seeking new work.