TECHNOLOGY - July 3, 1993
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IBM Losing More Workers: The company said it may lose 50,000 or more employees this year, twice as many as planned, because thousands more people than expected are taking advantage of incentives to leave the struggling computer maker. International Business Machines Corp. for several months has said it would shed more than 25,000 jobs this year. Wednesday was the last day for IBM workers to take retirement incentives that in some cases included up to a year’s pay and 18 months of paid medical coverage. Meanwhile, an industry source said the company is considering a $2-billion charge against second-quarter earnings to pay for more layoffs and voluntary resignations. An IBM spokesman said the company had no comment.
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