HP to cut 1,124 jobs in UK

LONDON Wed Dec 4, 2013 7:30pm IST

A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto, California January 16, 2013. REUTERS/Stephen Lam/Files

A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto, California January 16, 2013.

Credit: Reuters/Stephen Lam/Files

Related Topics

Stocks

   
Election 2014

Election 2014

More than 814 million people — a number larger than the population of Europe — are eligible to vote in the world’s biggest democratic exercise.  Full Coverage 

LONDON (Reuters) - U.S. computer maker Hewlett-Packard Co (HPQ.N) 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.

(Reporting by Brenda Goh, Editing by Paul Sandle and Louise Heavens)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Microsoft

Microsoft CEO Satya Nadella speaks during his keynote address at the company's "build" conference in San Francisco, California April 2, 2014. REUTERS/Robert Galbraith/Files

New Microsoft CEO Nadella impresses Wall Street, stresses challenges

Microsoft Corp's new chief executive on Thursday won rave reviews for his first public encounter with Wall Street analysts who said he communicated willingness to transform the world's largest software company as it scrambles to catch up in the mobile-computing era.  Full Article 

REUTERS SHOWCASE

Lawsuit Settlement

Lawsuit Settlement

Apple, Google agree to pay over $300 million to settle conspiracy lawsuit   Full Article 

FB Newswire

FB Newswire

Facebook courts journalists with newswire tool.  Full Article 

Trend-Setter

Trend-Setter

Trend-setter Apple's stock split could bring out the copycats.  Full Article 

Bidding Adieu

Bidding Adieu

Google social networking boss Gundotra leaving company.  Full Article 

Amazon Results

Amazon Results

Amazon's revenue increases even as spending rises.  Full Article 

Internet Conference

Internet Conference

Internet industry seen as winner at global conference in Brazil.  Full Article 

Baidu Performance

Baidu Performance

Baidu forecasts stronger-than-expected second-quarter revenue.  Full Article 

Hacking Threat

Hacking Threat

All at sea: global shipping fleet exposed to hacking threat.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage