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Politics : Politics for Pros- moderated
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From: LindyBill5/5/2005 11:43:59 AM
   of 793890
 
When I read that IBM was laying off in Europe, I thought, "this has to do with labor costs in France and Germany." Looks like I was right.

Wall Street Journal

...Yesterday's action is indicative of the rough time IBM is having with its services-oriented model -- selling its experience designing technology systems and business operations, not just its namesake machines -- in Western Europe, where labor costs remain high and economies are slow-growing.

IBM also signaled that it would turn its focus increasingly toward the lower-cost, higher-growth markets of Eastern Europe. "That clearly is the direction in which IBM should be going," said Bob Djurdjevic, an analyst at Annex Research in Phoenix. "These countries have barely been touched by" information technology.
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