HP to cut 1,124 jobs in the UK as part of global downsizing

HP to cut 1,124 jobs in the UK as part of global downsizing
Advertisement
U.S. computer maker Hewlett-Packard Co is set to cut 1,124 jobs in Britain as part of plans to lay off 27,000 employees globally by the end of 2014, the company said on Wednesday.

HP's statement came after the Unite union said it had attended a meeting where managers were outlining their plans to cut jobs at the group's sites in Bracknell, Sheffield and Warrington by next year.

The union said HP, which employs between 15,000-20,000 people in Britain, blamed falling demand and reorganisation for the job losses.

A HP spokeswoman confirmed the number of job cuts but declined to comment on which locations they would hit. She said the company wants to complete the process by the end of January next year.

HP is striving to get back to growth through job cuts and focusing on businesses with longer-term potential such as enterprise services. Last week it surprised analysts by reporting stronger-than-expected revenue.

© Thomson Reuters 2013

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: HP, Hewlett Packard
USB Type-C specifications reveal reversible, thinner plug; due in mid-2014
Huawei's UK-based cyber-security centre set to get British approval: Report
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »