IBM to cut 20,000 more jobs ``HC QLB

November 27, 1991

IBM said yesterday it would cut 20,000 jobs next year and take a $3 billion accounting charge against fourth-quarter earnings to pay for the voluntary severances and other costs.

Under a previously announced program, the world's largest computer-maker plans to eliminate about 20,000 jobs this year as it struggles to boost its sagging profits. IBM will employ about 333,000 after these two job reductions.

` Details on Page 8C

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