Hewlett Packard will lay off some 24,600 staff (7.5% of its
global workforce), nearly half in the US, and take a £944m charge
against earnings as it starts to absorb EDS, the IT services
company it bought in August for £7.22bn.
HP expects to save £1bn a year. It will take three years to
complete the process . It promised to provide employees affected by
the restructure with severance packages, counseling and help to
find another job.
It said it will replace about half the redundant positions over
the next three years "to create a global workforce that has the
right blend of service delivery capabilities to address the
diversity of its markets and customers worldwide."
A Public and Commercial Services Union spokesman expected that
HP would cut about 10% of its UK workforce or 1500 employees.
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