IBM moves from Zurich to Madrid
United States technology giant IBM is transferring its northeastern European headquarters from Zurich to Madrid.
This content was published on February 8, 2012 - 15:49The Swiss Handelszeitung newspaper reported the move on Wednesday. An IBM spokeswoman confirmed the report and told the Swiss News Agency that the company wished to create a leaner and more efficient infrastructure.
The plan is to consolidate the southwestern and northeastern European headquarters, yet the Swiss branch of IBM will not be affected and no jobs will be lost.
No employees will have to move house. As the spokeswoman pointed out, most of the people working for the Swiss branch do not live in Zurich anyway.
In addition, there will be no changes at the IBM laboratory and nanotechnology centre in Rüschlikon near Zurich.

In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.