IBM said it is closing a parts distribution center.
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The company reported that the closing of the Greencastle, Ind., facility will displace 985 workers in the biggest closing in company history. In keeping with the company’s full-employment tradition, IBM said it will offer jobs elsewhere within the company to all the workers in Greencastle. IBM rarely closes facilities, and the move was seen as another indication of IBM’s retrenchment in the face of weaker-than-expected growth in demand for computers.
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