HP to cut 5,900 jobs in Europe, Middle East and Africa

Hewlett-Packard confirmed yesterday that it would cut a total of 5,900 positions in Europe, the Middle East and Africa as it...

Hewlett-Packard confirmed yesterday that it would cut a total of 5,900 positions in Europe, the Middle East and Africa as it continues its restructuring efforts following the acquisition of Compaq Computer earlier this year.

The company made the announcement to employees in those regions late on Tuesday, without announcing exactly where or when the layoffs will occur, said Monica Sarkar, an HP spokeswoman.

A decision on where the layoffs will take place geographically and at which divisions is expected to come following scrutiny from regulators in each region, Sarkar added.

Since the Compaq acquisition, HP has about 46,000 employees in Europe, the Middle East and Africa.

HP chairman and chief executive officer Carly Fiorina has said that 15,000 jobs would be cut from the combined company worldwide as a result of the acquisition.

About two-thirds of those job cuts are expected to take place before November, with the remaining cuts taking place by the close of HP's 2003 financial year, which ends 31 October 2003.

Fiorina has pledged that layoffs and other reorganisation efforts will reduce operating costs by $2.5bn (£1.6bn) by the end of that financial year.

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