18/05/2012

Hewlett-Packard Set To Announce 30,000 Job Cuts

In one of the world’s biggest redundancy programmes in recent years Hewlett-Packard have announced it is planning to cut as many as 30,000 jobs.

The computer and software company, which employs 324,600 people worldwide, is expected to announce it is cutting 8% of its workforce when it updates shareholders on its latest financial results on Wednesday.

The cuts come as HP's new chief executive, Meg Whitman, gets to grips with the company's recent fall from grace as consumers ditch bulky PCs in favour of tablets, such as Apple's iPad. Analyst say it has also failed to keep pace with the switch to cloud computing.

HP has suffered from a lack of clear leadership, with two chief executives forced out in the last two years.

HP declined to comment on the job cuts and refused to say how many staff it employs in the UK and whether or not they would be affected. Two years ago unions accused the firm of "butchery" when it slashed 1,300 jobs in Britain. The cutbacks followed its merger with IT services rival EDS and reduced its workforce here to 6,000.

(H)


Related UK National News Stories
Click here for the latest headlines.

26 March 2015
North Sea Oil Company Announce Job Cuts
Oil company Taqa has announced it is cutting one hundred jobs because of the "challenging environment" of the North Sea industry. The company said it is consulting with its workforce over the job cuts, which it expects to be mostly contractors and consultants in onshore positions.
15 January 2015
Cadbury's Announce 200 Job Cuts
Cadbury's has announced 200 job cuts at its Birmingham plant. It follows an announcement last year by owners Mondelez International of an investment of £75m in new production lines at the plant. It had warned that the investment could result in job losses.
15 January 2015
BP Announce North Sea Job Cuts
Two hundred jobs and 100 contractor roles are to be cut from BP's North Sea operations, the oil company has announced. According to reports, a "small number" of compulsory redundancies are expected, with the majority of the cuts to be in onshore roles.
16 July 2014
Chevron Announce Job Cuts In Aberdeen
Over two hundreds are to be cut by oil firm Chevron in Aberdeen. The jobs cuts follow a review of its North Sea operations, the company has said, but it added that the final number of redundancies could be reduced, pending opportunities for some workers to move abroad and others moving back from overseas.
13 November 2008
BT Announce 10,000 Job Cuts
Telecommunications giant BT has announced it will slash 10,000 jobs, as the company faces the global economic downturn. The company, which said 4,000 jobs have already been axed, will shed a further 6,000 between now and March 2009. It is understood the majority of the posts will be agency and contract staff and offshore workers.