13/09/2005

Hewlett-Packard to cut nearly 1,000 jobs

Hewlett-Packard has announced plans to axe nearly 1,000 jobs in the UK over the next year, as part of a worldwide restructuring plan.

The US computer firm is expected to cut 968 jobs at five British sites in Bracknell, Bristol, Glasgow, Reading and Warrington, as part of plans to cut 5,900 jobs worldwide.

More than half of the job cuts are expected to affect France, Germany and the UK, with jobs also expected to be cut in the Middle East and Africa. On Monday, it was reported that Hewlett-Packard would cut 1,240 jobs in France.

The job cuts are the largest to be announced by the computer firm, since 15,000 jobs were cut in 2002, following the acquisition of rival firm, Compaq Computer.

In July, Hewlett-Packard announced that 14,500 jobs – around 10% of the firm’s workforce - are to be axed worldwide, as part of plans to reduce costs and save around $1.9 billion per year.

(KMcA/SP)

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