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April 20, 1987

1986 PROFIT OFF 39% AT IBM DEUTSCHLAND

By CBR Staff Writer

IBM Deutschland prolongs the agony by announcing its turnover figures in March and following up with profits in April, and last month the company reported turnover figures down 9% in local currency terms at DM12,020m (CI No 641). Now the company has announced what that did to profits – they’re down 39% at DM518m – $288.5m. It took unspecified charges for early retirement offered to 750 staff.

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