In our highly competitive marketplace, IBM must maintain the flexibility and the skill base to meet the demands of clients operating under extremely challenging business conditions. While we always consider the current environment, IBM is now taking structural actions that are critical to our long-term competitiveness.
This includes a workforce reduction which permanently affects your employment.
Recognizing the unique and difficult situation this business decision may create, IBM is significantly expanding your access to medical coverage.
· IBM is offering you medical coverage at active employee rates for 12 months following your separation date, regardless of how long you have been employed by IBM. For many employees, this substantially extends the period during which IBM subsidizes the cost of medical coverage.
· In addition, IBM is extending the availability of continuing medical coverage by six months. This means that, for the second 12-month period following your separation, you can continue your coverage at full COBRA rates.
These changes, which include an increased level of subsidy from IBM, provide access to continuing medical coverage for two full years from when you leave the company.
You also are eligible to receive a lump sum separation payment equal to three months’ pay, along with Career Transition Services and other benefits.
Although departure dates may change based on business needs, the earliest departure date for any employee as a result of this resource action is Monday, June 22, 2020. Unless you have transferred to a new position within IBM, your last day worked will be Monday, June 22, 2020.
The Employee Information Package attached and found here https://w3.ibm.com/w3publisher/employee-info-pkg-may2020 provides details about the IBM separation payment and benefits you’re eligible to receive, key contacts, Summary Plan Description (SPD), a copy of the Separation Agreement, as well as common questions and answers.
You should be aware that IBM won’t displace another IBMer from their current role to place you in that role (called “bumping rights”). However, you are encouraged to apply for any available role within IBM. For more information, refer to the Internal Movement section of the package.
We strongly encourage you to contact Right Management, our Career Transition Services provider, for individualized coaching and guidance. You’ll find a description of Right Management services in your package and more information at www.right.com/getstarted.
Short-term counseling is available for you and your family through the IBM Employee Assistance Program (EAP). Details are in the attached Information Package.
For questions, please refer to the contact information below:
- Benefits questions: IBM Benefits Center provided by Fidelity (866-937-0720)
- Other HR questions: HR@IBM (hr@us.ibm.com)
- Restructuring process questions: gmtmpo@us.ibm.com
I am here to assist you during this transition. While I acknowledge that this situation is challenging, I appreciate your professionalism and thank you for your service to IBM.