Date:25/06/12
Hewlett Packard, the world's largest personal computer maker, may cut as many as 1,000 jobs in Germany as part of planned European-wide redundancies, WirtschaftsWoche reported, citing an unnamed staff representative.
HP is planning to cut about 8,000 positions in Europe by the end of 2014, the German magazine said, citing unnamed officials close to the company.
"As many as 1,000 jobs (in Germany) are acutely endangered," WirtschaftsWoche quoted the labor representative as saying.
HP, which employs more than 300,000 workers globally, said in May the layoff of 27,000 workers, or 8 percent of its workforce, would be made mainly through early retirement and generate annual savings of $3.0-$3.5 billion as it exits its 2013/14 year.
HP, which posted a second-quarter profit above market estimates, aims to use cost savings from planned job cuts to drive organic growth. HP in Germany was not available to comment.
HP may cut up to 1,000 jobs in Germany: magazine
Hewlett Packard, the world's largest personal computer maker, may cut as many as 1,000 jobs in Germany as part of planned European-wide redundancies, WirtschaftsWoche reported, citing an unnamed staff representative.HP is planning to cut about 8,000 positions in Europe by the end of 2014, the German magazine said, citing unnamed officials close to the company.
"As many as 1,000 jobs (in Germany) are acutely endangered," WirtschaftsWoche quoted the labor representative as saying.
HP, which employs more than 300,000 workers globally, said in May the layoff of 27,000 workers, or 8 percent of its workforce, would be made mainly through early retirement and generate annual savings of $3.0-$3.5 billion as it exits its 2013/14 year.
HP, which posted a second-quarter profit above market estimates, aims to use cost savings from planned job cuts to drive organic growth. HP in Germany was not available to comment.
Views: 1232
©ictnews.az. All rights reserved.
Similar news
- Mobile operators of national market to reduce roaming tariffs
- Iran vows to unplug Internet
- China Targeting Telecoms in Corruption Probe
- Bangladesh to use electronic voting system for next elections
- Philippine IT sector to launch five-year digital strategy plan
- Russian Premier Vladimir Putin meets ITU Secretary-General Hamadoun Touré
- US lawmakers propose to regulate use of geolocation data
- Unlimited mobile data plans dying as telcos gear up for cloud future
- Europe at risk of falling behind US and Asia on 4G use
- Netherlands first to regulate on net neutrality
- Korean Co Takes Aim At Display Patents
- Regulators, Banks Look for IT Hires After Breakdowns
- Electron transactions spreading
- Schools in remote rural areas will connect to the single database via network without SIM
- Obama to Personally Tweet From Twitter Account
