Company: IBM
Date: 2009-08-16
Overall rating: 1/5
Employment status: current

No respect over C-plan pensions.  IBM youngsters, I fear you're next to be attacked.
Pros: Currently, the brand image is trading high.
Cons: Pensions have been attacked in a most vicious and calculating way in the UK.  If the senior exec managemtn team is allowed to get away with this attack on 50+ year olds then they can get away with a subsequent attack on the youngsters that are contributing to a different pension scheme.
Brendon Riley has shunned the very people that re-built this company in the 90's by telling them that the final salary pension scheme that formed a part of their compensation package is to close and the penalties for early retirement from april 2010 onwards will be punitive.  In my lifetime I would have to work an extra 6 years to make up for this cold calculated attack on my trust.