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HP to cut 24,600 jobs over three years

Text by AFP

Latest update : 2008-12-10

Computer giant Hewlett-Packard announced it would cut 24,600 jobs worldwide over three years as a result of its integration of Electronic Data Systems. The US company explained it would help to "streamline costs".

US technology giant Hewlett-Packard (HP) said Monday it would cut 24,600 jobs worldwide over the next three years as part of its integration with computer services firm Electronic Data Systems.

"With the acquisition of EDS, HP has the industry's most comprehensive portfolio of IT solutions to help customers manage and transform their technology environments," HP said in a statement.

The job cuts, the company continued, would allow HP "to restructure the EDS business group to streamline costs, invest in growth and drive shareholder value."

Date created : 2008-09-15

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