IBM to cut 1,500 jobs

Computer giant IBM has cut a further 1,500 jobs around the world.

The company will take a €2.5bn charge to cover the cost of the lay-offs and restructuring.

Previously, the firm said it was selling its lossmaking hard disk drive business to Hitachi.

It announced it would be transferring 18,000 workers to the new company.

Overall, the firm is aiming to cut nearly 10,000 jobs, many of which have already been eliminated.

IBM will also close older aluminium technology capacity for microchips and focus on copper technology, increasing its custom chip design business.