All but 800 of 14,500 IBM France SA employees asked by the company to take a 7.7% pay cut to preserve jobs have agreed after the Nanterre high court rejected a case brought by one of the unions at IBM to get the pay cut outlawed. The 800 that turned down proposals for wage cuts may find performance bonuses are a little more difficult to come by in 1995, management sources told Le Monde, because their rate of pay would be higher than those who had decided to accept the salary cut. IBM France hopes to save $73m as a result of the pay cut. Its offer of early retirement or part-time working to employees aged 50 and above was accepted by about 2,000 employees, 80% of those eligible.
