Guest dave_lovelace Posted July 18, 1999 Share Posted July 18, 1999 In an amazing display of the use of the internet, IBM employees are staging a major challenge to the Corporations decision to convert their defined pension plan to a cash balance plan. Using a Yahoo club site more than 1300 members have posted over 8,000 messages, almost of of which are against the planned conversion. Moreover, the company's employee's are holding union meetings for the first time in the company's 88 year history. The first club called IBMPENSION has now spawned one called IBMUNION, anthor called IBM Rochester (for the Rochester Minnesotta IBM plant) and now a few days ago IBM employees in the United Kingdom have formed the first international IBM employee board to protest benefit cuts. Find out more about this revolt by going to this site and its links to many other sites including the Cashbalance.com site; http://clubs.yahoo.com/clubs/ibmpension Link to comment Share on other sites More sharing options...
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