HP swings the axe in EMEA

HP is set to hand out P45s to thousands of staff across EMEA as the vendor continues on its turnaround plan set in motion by the CEO Meg Whitman two years ago.

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The vendor is going through a five year plan to reinvent its business and had indicated earlier this year that it would have to axe staff as a result of those plans.

What the decision means for UK staff is yet to be made clear, with the vendor working through a consultation process in each territory as part of the workforce reduction process.

"HP expects approximately 7,095 employees to exit the company or to be re-deployed into new roles that better fit the future needs of the company and its customers," the firm stated.

"Workforce reduction plans will vary by country, based on local legal requirements and consultation with works councils and employee representatives, as appropriate," it added.

"There will be no disruption to any of our services. Customers will still have access to HP’s full portfolio of services with the same level of quality. As always, our customers, clients and communities whom we serve continue to be the cornerstone of our business," it said.