Sunday, March 7, 2010

Coming out of the 3-Letter Closet

I confess I was a consultant at 3-Letter and I witnessed the below:

Its called Age Discrimination.

"IBM in the Gerstner Years: An Employees' Perspective

1993

· April 1 - Louis V. Gerstner Jr. becomes IBM Chairman and CEO.

1994

· February 17 - 320 employees laid off at IBM Endicott.

· July 27 - IBM announces Kingston, NY plant closing.

1996

· October 16 - IBM workers hold meeting with IUE in Endicott to discuss organizing.

1999

· May 3 - IBM mails notice of new "cash-balance" plan to employees.

· May10 - IBM stock splits 2 for 1 (15th stock split).

· May 18 - IBM employees establish online pension bulletin board.

· May 21 - IBM employees establish online union bulletin board.

· June 24 - Over 200 IBM employees in Endicott, NY, hold first union meeting with CWA. In July and August 600 meet in Poughkeepsie, NY and 500 in Burlington, VT.

· July 1 - Pension reductions for employees under 40 due to Cash Balance Plan conversion.

· July 1 - Reduction of retirement medical benefit due to conversion to Future Health Account (FHA) for employees with more than 5 years to go before retirement.

· August 30 - Alliance@IBM/CWA opens office in Endicott, NY.

· September 17 - Bowing to protests by employees, IBM partially restores "pension choice."

· November 1 - Cooper vs. IBM class-action ERISA complaints against IBM Personal Pension Plan"


from IBM in the Gerstner Years: An Employees' Perspective