0012.json

{
    "id": 379,
    "date": "1999/05/04",
    "sources": [
        "https://www.latimes.com/archives/la-xpm-1999-sep-18-fi-11579-story.html",
        "https://www.nytimes.com/1999/05/04/business/ibm-to-change-pension-benefits.html",
        "https://knowledge.wharton.upenn.edu/article/behind-the-pension-tension-at-ibm/",
        "https://www.wsj.com/articles/SB937779366171684213"
    ],
    "actions": [
        "protest",
        "resources"
    ],
    "struggles": [
        "pay and benefits",
        "discrimination"
    ],
    "employment_types": [
        "white collar workers"
    ],
    "description": "Seeking to attract younger workers, IBM announced plans in May 1999 to switch from traditional pension plans to a cash balance model for all American employees. Older employees with longer tenures at the company, who would lose 30-40% of their pension checks as a result of the switch, protested this change with rallies, emails to the company, a new online website, and lobbying policymakers in DC. Employees also accused IBM of age discrimination. In September 1999, IBM backtracked on its pension policy change.",
    "online": true,
    "locations": [
        "usa"
    ],
    "companies": [
        "ibm"
    ],
    "workers": null,
    "tags": null,
    "author": [
        "CM"
    ],
    "latlngs": [
        [
            41.32038665,
            -73.67869784162318
        ]
    ],
    "addresses": [
        "IBM, Lake Purdy, Town of Somers, Westchester County, New York, United States"
    ]
}