IBM settles with workers in landmark pension case
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IBM has said that it has agreed to pay $320 million to current and former employees to settle in part a class-action lawsuit over its pension plan in a case that may affect millions of workers at many companies and nonprofit organizations.
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IBM (Quote, Chart) has agreed to pay $300 million to settle most of the claims in a class action lawsuit related to its pension plan, the company announced today.
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IBM  will offer future employees a 401(k) pension plan instead of a fixed pension, the company said on Thursday, backing away from a controversial policy that reduced retirement payouts and stirred employee ire.
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Technology industry bellwether IBM has reported a healthy rise in net income in the third quarter, but its overall results were hampered by a $320m legal settlement related to its employee pension plan.
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IBM is celebrating a seven-year contract to provide voice and data solutions to Lloyds TSB, as part of the largest European IT deal of its kind, worth an estimated Â£500m.
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Big Blue settles part of pension transfer, age discrimination suit; estimates for claims neared $6B. NEW YORK  - International Business Machines Corp.
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IBM has won a long-term contract from  Honeywell worth several hundred million dollars, its largest  military/aerospace engineering contract since IBM exited the  field a decade ago, it said on Monday.
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Embattled building products firm James Hardie Industries NV yesterday signed a landmark compensation deal for thousands of Australians battling asbestos-related disease after exposure to its products.
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International Business Machines (IBM) has settled portions of an ongoing lawsuit related to pensions, and will take a charge of $320 million in the current quarter, the technology company said Wednesday.
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IBM said yesterday that it had agreed to pay $320 million to current and former employees to settle in part a class-action lawsuit over its pension plan in a case that may affect millions
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Worldcom's Directors settle a landmark case by paying out of pocket. Meanwhile, Walter Forbes skates.
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IBM Corp. said Wednesday it will take a $320 million charge this quarter to settle some claims and cap its liability on others in a long-running class-action dispute about changes made in the 1990s to its pension plan.
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IBM announced agreements with two Danish companies on outsourcing deals that together are worth more than $1 billion over 10 years.
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International Business Machines Corp.  has settled for an undisclosed sum part of a potentially multi-billion-dollar lawsuit over its pension plan, a Wednesday court filing shows.
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NEW YORKâIBM said yesterday it is in talks to settle a mammoth lawsuit alleging a pension plan adopted by the firm in the 1990s discriminated against 140,000 older workers.
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IBM will take a $320m (Â£178m) charge this quarter to settle some claims and cap its liability on others in a long-running class-action dispute about changes made in the 1990s to its pension plan.
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NEW YORK -- IBM said Friday it is in talks to settle a mammoth lawsuit alleging a pension plan adopted by the firm in the 1990s discriminated against 140,000 older workers.