IBM to Add Jobs in Iowa, Michigan
| 15 Jan, 2009
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According to The Wall Street Journal, IBM is planning on opening a new remote computer-services center in Dubuque, Iowa. The center will assist CIOs and database administrators needing advice on fixing or updating their big server systems.
Iowa has gone to great lengths to attract IBM. The state offered "a $55 million package," which includes an $11.7 million loan. IBM will get $10 million from local community colleges for job training expenses for its employees. Moreover, the city is giving Big Blue a "very low lease rate," tax credits and a 20-year tax abatement.
All of this is contingent on IBM maintaining the 1,300 jobs it's promising. If those jobs stay in place for two years, the $11.7 million loan will be forgiven.
In other IBM news, the company plans to create up to 1,500 jobs over the next five years when it builds a software development center in East Lansing, Mich., reports Reuters.
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Bill McGreevy .
says:
Craig White
says:
Jason B
says:
Kari
says:
I'm from Dubuque and I, along with many others, don't want these clowns from IBM moving into town. Once we forgive the generous loan (11 million dollars) we're offering these bandits, they will announce a major job cut. Just wait and see...........
Reply
Middle America
says:
IBM is a leader in global sourcing high skill/high paying jobs overseas. In the services business IBM has transferred 1000's of jobs to the BRIC countries. History shows that IBM will go back to Iowa demanding additional concessions to keep the jobs there. IBM pay history of the past 10yrs is one of over compensating executive level positions and under compensating most other employees.
Reply
Joe Realistic
says:
Early last week, IBM reported a 12 percent profit increase that surprised many analysts. Then the company, that plans to create 1,300 jobs in Dubuque, reportedly cut loose 3,000 jobs at various North American facilities. However, Mike Blouin (President of Greater Dubuque Development Corp.) states the job cuts do not impact the staffing projections for Dubuque, nor are they a sign of a more malicious plan to rack up state incentives while cutting jobs elsewhere.
Wake Up Michael and smell the coffee!!!!!!!!!!!!!!!!!!!
Reply
Bill McGreevy
says:
IBM only grows jobs in the USA when it gets "corporate welfare" like what Iowa gave IBM. New York also has done the same.
You think IBM would spend any of it's own earned money to grow and keep USA jobs? But that would mean spending millions and billions that IBM wouldn't want to afford since it would cut into the money available to fund stock buybacks and give executives more than lucrative stock options to exercise.
Reply
Craig White
says:
And in two years we'll read about major layoffs hitting Iowa and it's impact to the community developed around the new facility. Give me a break. IBM is one of the biggest offshoring companies in America.
Reply
Mike Williams
says:
Are the city of Dubuque and the state of Iowa's financial incentives to IBM really worth the cost? What happens when the proposed 1,300 jobs aren't created or are filled and then cut?
Reply
Paul Huber
says:
IBM wants to pay 65K while management is pushing 150K, every project engineer and architect I meet from IBM said they only felt like an asset to IBM during the recruiting process, than they worked for everyone. So many business managers and lawyers not enough technology. They where five years behind Sun Microsystems and EMC in 1997, and the quality was very low, it was suggested they have improved quality. Last IBM account I went to had performance problems in a large way and 45 hours of unplanned down time, with IBM Outsourcing. The IBM management proposed smaller disks and raid0+1 simple mirror and stripping, as a client of EMC we had that in place twelve years before. So does that put them twelve years behind the curve you have to ask. To add to my example a friend still at SUN said they replaced IBM servers and storage with there servers and EMC storage on his account. They need to walk the talk.
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