October 13, 2006 9:24 AM PDT
IBM shifts procurement HQ to China
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IBM has announced it will move its global procurement headquarters to China from its present location in New York. The new base will be located in Shenzhen, where the company already has 1,850 employees involved in procurement. IBM said Thursday that no jobs will be lost in New York as a result of the move. The Big Apple office will continue to function as a global procurement unit.
Chief procurement officer, John Paterson, who will head up the Shenzhen office, said global businesses must now locate their business units wherever makes the most sense, based on "the imperatives of economics, expertise and open environments." IBM has had one of its largest procurement bases outside the U.S. in Shenzhen for more than a decade. With 30 per cent of its annual $40 billion procurement budget spent with Asian suppliers, IBM said the shift to China makes sense. This is the first time a global IBM organization has been established outside the U.S.
Tim Ferguson reported for Silicon.com from London.
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procurement, IBM Corp., China, New York
do employ a lot of people, including here in the United States.
At least in this one, nobody appears to be loosing their job. I
guess that one thing to be thankful for.
Charles R. Whealton
Charles Whealton @ pleasedontspam.com
- The room just got a little colder
- by wysiwyg22 October 15, 2006 11:36 AM PDT
- Good luck with the Proletariat masses in China. Hopefully they
- Like this Reply to this comment
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(4 Comments)won't rape you half as bad as the US has. . . but I doubt it.