© 2024 University of Missouri - KBIA
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

IBM Sees Final State Incentive Suspended

Kansir / CC BY 2.0
/
Flickr

  The IBM service center in Columbia will not be receiving its last remaining incentive from the state government.

The Columbia Daily Tribune reports that comes in response to a large round of layoffs in January.

Missouri Department of Economic Development spokeswoman Amy Susan says the company has 453 full-time employees at its Columbia service center – 112 fewer employees than the center had last June, according to the Tribune.

That stands in sharp contrast to the 800 well-paying jobs it was predicted to provide by 2012 when IBM first came to Columbia in 2010.

The city and state partnered to offer an incentive package worth as much as 31.2 million dollars to draw the company to Columbia in the first place.

IBM announced the job cuts in January, which affected thousands of IBM employees around the globe. 

The city owns the 3 million dollar building that houses the center, as well. 

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.