IBM returns production from Singapore to the United States

IBM returns production from Singapore to the United States

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IBM is planning to close its factory in Singapore, which will result in the release of about 600 workers, Independent said. This American company move is part of a US return strategy.

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The factory, known as the Singapore Technology Park, was opened in 2010 and is considered one of the most technologically advanced companies in the world. It is IBM Z mainframe, but will now be transferred to New York.

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At the same time, IBM has assured that Singapore remains a strategically important region for the company. “The Blue Giant” has been working in the country for 66 years, with many local companies. Singapore is considered to be an integral part of the corporation’s growth, IBM said.

In July 2018 IBM fired several hundred employees in Singapore as part of a restructuring program for the IT department. The company then planned to cut 10,000 jobs worldwide and transfer another 30,000 people to new jobs.

Employees in Singapore who were redundancies were notified early in March 2019. The corporation will pay them a one-month salary.

IBM returns production from Singapore to the United States

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