IBM Japan Ltd is to hire 200 employees from an affiliated company of the defunct Hokkaido Takushoku Bank Ltd in which IBM also has a stake, according to the Nihon Keizai Shimbun newspaper. IBM will take on the employees from information technology firm System Frontier Co. Hokkaido Takushoku owned 65% of System Frontier, and IBM the rest. Earlier this month, Electronic Data Systems Corp took on the 600 strong information technology workforce of another failed bank, Yamaichi Securities Co Ltd.
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