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April 29, 1994

IBM PERSONNEL CHIEF RESIGNS

By CBR Staff Writer

Gerald Czarnecki, IBM Corp’s personnel chief, quit because he did not like the pressure he was under to cut jobs faster, industry executives told the Wall Street Journal: the company has cut only 3,000 jobs so far this year, but it has another 28,000 people to shed to meet the goal it set last July, and the slow progress raises doubts that IBM can cut $3,000m from its costs this year and deliver on its goal to turn a profit, the paper said.

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