Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

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