IBM laying off more than 300 workers
IBMwill lay off more than 300 people in Research Triangle Park, according to a notice sent to the state’s Commerce Department.
The jobs, which were part of an IBMsubsidiary called Seterus, will be permanently terminated “no earlier than March 11,” according to the Worker Adjustment and Retraining Notification on Jan. 9.
The 310 job cuts come a week after IBMagreed to sell Seterus to the mortgage services company the Mr. Cooper Group.
“IBMhas signed a definitive agreement to sell Seterus to Mr. Cooper, Inc., the largest non-bank servicer in the United States. ... As a result, Seterus will permanently cease operations at its facility located at 3039 Cornwallis Road, RTP, North Carolina,” Timothy Humphrey, IBM’s senior state executive for North Carolina, said in the notification letter. “Accordingly, Seterus will be terminating all employees with this work location, 310 employees will be affected.”
An IBMspokesman said the RTP facility was being closed “based on the requirements of the sale.”
In its WARN notice, IBM noted that full-time regular employees were eligible for assistance, including payment and continuing benefits as well as retraining and career counseling.