SAP rules out further job cuts

SAP has ruled out making further job cuts in the short-term, revealing that the measures it has already taken to reduce headcount and trim costs have...

SAP has ruled out making further job cuts in the short-term, revealing that the measures it has already taken to reduce headcount and trim costs have produced the desired results.

Speaking to analysts on a conference call, the CEO and CFO at the enterprise software firm were quizzed about plans for the second half of SAP's fiscal year following its announcement of half-year figures this morning.

"The current plan we have remains. The actions we have taken have got results and there should be no expectations of additional programmes, except if the economy has a major downturn again, which we do not expect," said Leo Apotheker, CEO at SAP.

"For the year our run rate and costs can be reduced by €600 compared to 2008."

SAP CFO Werner Brandt said that although the company had been tight with costs, it would not relax its attitude. "There has been a change in spending behaviour and we will continually look to become more efficient and we will continue to look for efficiency going forward," he said.

He added that SAP was still not recruiting for new positions but if a member of staff left then it would replace them - but it would "not be a proactive addition to the headcount".

A version of this story originally appeared on MicroScope.co.uk.

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