The Baton Rouge IBM Client Innovation Center fell 67 jobs short of the 500 full-time-equivalent positions it was suppose to create by June 30 under the terms of its 2013 cooperative endeavor agreement with the state.
Nevertheless, IBM remains in compliance with the agreement because the state allows the company to carry forward jobs created in previous years that exceeded the requirements for those years. During its first two years in operation, IBM created a total of 104 more full-time jobs than was required.
According to figures provided to Daily Report by Louisiana Economic Development, IBM had 433 full-time-equivalent jobs at its local facility as of June 30. On paper, however, the company finished the year with 537 FTE jobs because it was able to count for the 2016 year 71 extra jobs created in 2014 and 33 extra jobs created in 2015.
LED spokesman Gary Perilloux says based on that metric, the company meets the requirements of the agreement, adding that LED will continue to monitor the company and other clients for specific performance in accordance with their agreements.
A spokesman for IBM declines to comment on the jobs report, which was filed with LED earlier this fall.