Don't miss

Replay


LATEST SHOWS

FOCUS

Iranian women push boundaries through sport

Read more

MEDIAWATCH

Crowds, Lies & Alternative Facts

Read more

ENCORE!

Backstage at the Haute Couture show of designer Julien Fournié

Read more

BUSINESS DAILY

President Trump pulls US out of TPP trade deal

Read more

IN THE PAPERS

'Donald Trump is rolling back the clock on diversity in the cabinet'

Read more

IN THE PAPERS

Did France's left inflate turnout figures in round one of the primary?

Read more

ACROSS AFRICA

Dozens killed in attack on military camp in Mali

Read more

THE DEBATE

Splintered left: French Socialists divided ahead of primary run-off (part 1)

Read more

THE DEBATE

Splintered left: Are Europe's Social Democrats obsolete? (part 2)

Read more

HP to cut 9,330 jobs in Europe

Latest update : 2008-09-25

US technology giant Hewlett-Packard is about to layoff 9,330 employees as part of a previously announced three-year plan to reduce its workforce by 24,600. About 90 percent of the cuts concern EDS, a company HP recently acquired.

US technology giant Hewlett-Packard plans to slash 9,330 jobs in Europe as part of a previously announced three-year plan to reduce its workforce by 24,600, a union source said Thursday.
  
About 90 percent of the cuts will be made at EDS, Electronic Data Systems, the computer services company HP has just acquired, the source added.
  
The announcement of the European cuts came during a meeting in London of the works committee for Hewlett-Packard's European operations.
  
The source added that the HP management did not reveal in which European countries the reductions would occur.
  
HP on September 15 announced that it would eliminate 24,600 jobs worldwide over the next three years as part of its integration with EDS.
  
HP, the world's leading computer maker, bought Texas-based EDS in August in a 13.9-billion-dollar deal that aimed to create a global powerhouse in computer services to compete against IBM.

Date created : 2008-09-25

COMMENT(S)