March 12, 2004
IBM Creates 'Human Capital Alliance' Retraining Fund To Blunt Outsourcing Impact
I guess I missed it, this article from Ecommerce Times is over a week old. Big Blue has been feeling the heat!
"In a move apparently designed to quell fears about widespread outsourcing of U.S.-based tech jobs to other countries, IBM (NYSE: IBM) has established a US$25 million worker retraining fund... The fund, dubbed the Human Capital Alliance, will be made available to IBM workers whose current positions or skill-sets are being outsourced to such places as India, Pakistan and China.
IBM said that for the next two years, it will focus on training workers in areas where it sees the most demand in the short- and long-term future, including Linux and on-demand computing..."
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