BusinessCompany NewsHewlett Packard to lay off 1,500 UK staff

Hewlett Packard to lay off 1,500 UK staff

Hewlett-Packard has followed through on its promise to be ruthless in its quest to save $3bn (£1.96bn) by 2004 by laying off 1580 of its 7600 staff in the UK, over 20%.

The posts will be lost in plants in London, Reading and Livingston.

Scotland’s ‘Silicon Glen’ will lose 650 in the latest blow to the region after Motorola said it would close its plant outside Edinburgh last year with the loss of 3000 jobs.

The new HP employs around 150,000 people worldwide and is seeking to cut this figure by 15,000 following its $19bn merger with Compaq.

The company said it would consult with staff and unions before making the cuts.

‘This is another nail in the coffin of Silicon Glen and is bad news for the Scottish economy,’ Danny Carrigan of the Amicus union told Reuters. ‘We must stem the tide of manufacturing jobs being lost.’

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

1m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

5m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

5m Alia Shoaib, Reporter
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

9m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

9m Emma Smith, Managing Editor
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

8m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

8m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

8m Emma Smith, Managing Editor