TechnologyHP slashes finance staff in UK job cull

HP slashes finance staff in UK job cull

Cutthroat computer and printer markets lead to 968 job losses in UK, with most in finance, human resources and IT

HP slashes finance staff in UK job cull

Hewlett-Packard is to slash 968 jobs in its UK finance, human resources and
IT departments over the next 12 months, as part of a world-wide cost-cutting
exercise.

A total of 5,900 jobs will be lost in the US computer company’s EMEA (Europe,
Middle East and Africa) region, with more than half the cuts in France, Germany
and Britain.

A company spokesman said it is too early to say which locations will be
affected, but HP has sites in Birmingham, London, Glasgow, Warrington,
Bracknell, Reading and Bristol.

The workforce shake-up was announced in July and will lead to a total of
14,500 job losses worldwide; the biggest losses since HP cut some 15,000
positions following its acquisition of Compaq Computer three years ago.

New HP chief executive Mark Hurd aims to cut costs by $1.9bn a year in order
to compete better in the cutthroat computer and printer markets.

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