I.B.M. does an about-face on pensions

Article Abstract:

International Business Machines Co. has expanded the number of older employees covered by its traditional retirement plan in response to employees' objections over being switched involuntarily to the new cash-balance pension plan. The plan, designed to reward younger employees earlier in their careers while forcing older employees to take 20% to 50% cuts in their accrued pensions, was so controversial that some IBM employees threatened to unionize and the IRS announced that it was delaying approval of other companies' pension conversions and would look into the matter. The Equal Opportunity Employment Commission said that it was going to evaluate if such pension conversions were in violation of age discrimination laws. IBM denied that the switch back to the original pension plan was in response to outside pressure from unions, government agencies or lawmakers or an effort to save the company money. IBM spokespeople said the conversion was legal, but the company decided to change back some older employees' pensions because of what the employees were telling them.

Office & Computing Machines, Management, Office equipment, Computer industry, Office equipment and supplies industry, Office equipment industry, Laws, regulations and rules, International Business Machines Corp., IBM, Investigations, Compensation and benefits, Pension funds, Retirement benefits, United States. Equal Employment Opportunity Commission, United States. Internal Revenue Service

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Matsushita Digital TVs to debut in US stores

Article Abstract:

Matsushita Electric Industrial Co.'s North American subsidiary has begun shipping its new Panasonic-branded television with a cinema-style 56-inch wide screen. Selling for $5,500-$6,000, the new digital TV will allow customers to have the technology ready in their homes as more TV stations switch to digital broadcasting. The digital TV receives normal, or analog, TV signals and improves their clarity for the high-resolution screen.

Comment:

Matsushita is shipping its new Panasonic-branded television with cinema-style 56-in wide screen

Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Digital Video Processors, Broadcasting equipment, Digital television equipment, Matsushita Electric Industrial Company Ltd., Article

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Marketing tool increases time to market, decreases cost

Article Abstract:

Medea Group has introduced a new automated digital marketing tool called Self Publishing System. The details of the product are discussed.

New Products/Services, Product introduction, Computer peripherals industry, Medea Corp.

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