IT giant cuts 6,000 jobs in Europe

Technology and IT services giant Hewlett-Packard is to cut almost 6,000 jobs across Europe as part of its restructuring plan, it has emerged.

In July, HP said it was going to cut almost 10% of its workforce (14,500 jobs) from the 150,000 global total in a bid to cut costs and boost profitability.

The details of how European staff will be affected have been revealed by the company’s European Works Council. Large multi-national companies operating in Europe are legally obliged to have a works council.

The company has confirmed that 5,900 European jobs will go, but it still has not said which locations will be affected.

As part of the overall restructuring plan about 3,200 jobs have already been cut in the US, which has cost the company $400m (£235m).

Before the 14,500 job cuts were announced, HP had already cut 3,000 from its headcount at the beginning of the year.

Comments are closed.