HP may cut up to 1,000 jobs in Germany - report

HP may cut up to 1,000 jobs in Germany - report
U.S. group 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 labour 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.

Copyright Thomson Reuters 2012

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Germany, Hewlett-Packard Co
Google CEO says "nothing seriously wrong" - source
Samsung sells nearly 21,000 phones every hour

Related Stories

Share on Facebook Tweet Snapchat Share Reddit Comment
 
 

Advertisement

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2021. All rights reserved.
Listen to the latest songs, only on JioSaavn.com