IBM Prior to Meeting With Trump Says It Will Hire Americans

Ginni Rometty the CEO at IBM has pledged to hire workers in the U.S. as she and other top executives from the technology industry prepare to meet with President-elect Donald Trump on Wednesday.

Rometty in a piece published by USA Today on Tuesday wrote that IBM has thousands of positions open at any given time and the company intends to hire close to 25,000 professionals in the U.S. over the upcoming four years.

A spokesperson for IBM did not say how such hiring might be offset through reductions in staff or disclose the number of people employed by IBM in the U.S.

The IBM spokesperson said the company expects to conclude 2016 with its workforce in the U.S. approximately the same size as at the start of the year. He added that by 2020 it is expected to be larger than at this current time.

At the close of 2015, IBM employed close to 378,000 people according to its annual report. While staff numbers are not broken down by country by the company, a review of filings by the company to government agencies suggests the workforce in the U.S. for IBM dropped each year for the past give through 2015.

In its annual filings with the Department of Labor, IBM reported the active number of 401(k) participants dropped last year to 84,350 compared to 110,875 during 2010.

When IBM was asked if it planned to increase its workforce in the U.S. those cuts in jobs, the company said via an email that CEO Rometty laid out reasons in her piece in the USA Today article.

Her article does not acknowledge that cuts were made in the IBM workforce for the U.S., although it called upon Congress to update as soon as possible an act that covers the federal support for different vocational education called the Perkins Career and Technical Education Act.

An IBM spokesperson added that IBM was intending to invest over $1 billion for development and training of its employees in the U.S. during the upcoming four years.

The spokesperson did not say if the money invested in development and training amounted to an increase over the spending for the same during the prior four years.

Rometty will be amongst over one dozen executives from the U.S. that will serve as an advisory council for Trump to consult the president-elect on the creation of jobs.

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/ibm-prior-to-meeting-with-trump-says-it-will-hire-americans/1571715.html

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *