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HP to cut almost 6000 European jobs

HP is to cut almost 6,000 jobs across Europe as part of its ongoing restructuring plan to cut costs and increase profitability.

In July, HP said it was going to cut almost 10% of its workforce (14,500 jobs) from the 150,000 global total.

The European job cuts are part of this total and the details were revealed by the company’s European Works Council, which large multi-national companies are legally obliged to have in Europe.

The company has confirmed that 5,900 European jobs will go, but it still hasn’t said which locations will be affected.

As part of the overall restructuring plan, around 3,200 jobs have already been cut in the US, which has cost the company $400m (£235m).

Before the 14,500 job cuts were announced, HP had already cut 3,000 from its headcount at the beginning of the year.


 


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