Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 15 October 2012 11:17

IBM has to pay $160 million

Written by Nick Farrell

ibm

Pension related fees

IBM has told Wall Street that it has had to pay $160 million due to a ruling by the high court in London, in a legal dispute over retirement terms at its UK business. Big Blue said that the charges would not affect the company's operating reported results for the third quarter of 2012.

The company has been having a row with its employees over terms of its pensions for ages. The court decided that terms set in 1983 should be modified to allow some current IBM UK employees who are members of a specific plan to retire from the age of 60 instead of 63 without reduction of their defined benefit pension.

IBM said that it was considering an appeal. The company is scheduled to report on its third quarter financial results on Oct 16.


Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments