IBM has no plans to abandon its no lay-offs policy, senior vice-president George Conrades told Reuters, taking what was left of the bounce out of the share price, which continued Tuesday’s fall yesterday, and was off another 37.5 cents at $97.375 in early trading yesterday. Conrades did say that IBM continued to look for ways to cut its costs, and that redeployment programmes did lead to reductions in the workforce. He declined comment on Wall Street gossip that a new programme early retirement incentives, presumably – was in the works aimed at cutting employment by 10,000 to 15,000.
