IBM has told U.S. employees and executives in two of its business units that they will be furloughed for one week in late August.
Affected employees will receive the equivalent of one-third pay, but executives will not be paid.
The furlough affects the majority of employees in the Systems and Technology Group (STG). Impacted by furloughs as well are the employees in the Integrated Supply Chain (ISC) that support STG.
The mandatory furlough week will either begin Aug. 24 or Aug. 31.
In lieu of other options considered, this approach best balances the interests of employees and the competitiveness of the STG business, said an IBM spokesman.
IBM recently laid off more than 3,000 employees, many of whom appeared to be in the STG group.
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This story, "IBM plans furloughs for some employees" was originally published by Computerworld.