Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

IBM offers to shift workers losing jobs to lower-wage countries

Posted: February 9th, 2009 | Author: | Filed under: Recession News | Tags: , , , | No Comments »

Some of the workers being let go by IBM have a chance to remain with the company — if they’re willing to move to Brazil, India, China or a dozen other low-wage countries. But the expatriate employees would likely be paid local wages as they begin their new lives overseas.