HP axes 9,300 jobs in Europe following EDS integration
- Author:
- Antony Savvas
- Posted:
- 11:42 26 Sep 2008
HP has confirmed plans to lay off staff in Europe following its integration of IT services firm EDS.
HP has informed its staff European works councils that it will cut 9,300 jobs across the EMEA region over a two-year period.
These cuts form part of the plan to cut 7.5% of the global workforce - 24,600 jobs - from the HP's 320,000-strong workforce.
The local job reduction consultations in countries will start next month. "Actual workforce reduction plans will vary by country, based on local legal requirements and consultation with works councils and employee representatives," said HP.
HP closed the acquisition of EDS on 26 August. The restructuring programme is expected to save annual costs of approximately $1.8bn (£1bn).
