4,000 IRISH JOBS AT RISK AT HP

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4,000 IRISH JOBS AT RISK AT HP

 user 2008-09-16 at 12:56:20 pm Views: 46
  • #20830
    http://www.examiner.ie/irishexaminer/pages/story.aspx-qqqg=ireland-qqqm=ireland-qqqa=ireland-qqqid=72424-qqqx=1.asp
    4,000 Irish jobs at risk as HP announces global cull
    UP
    TO 4,000 Irish jobs are under threat after Hewlett Packard, the world’s
    largest maker of personal computers, announced plans to cut more than
    24,000 jobs.The reduction amounts to about 7.5% of the workforce,
    Hewlett-Packard said last night. The cuts will take place over three
    years as part of its integration of Electronic Data Systems (EDS).
    Hewlett-Packard and EDS have about 320,000 employees combined.HP
    employs more than 4,000 staff in Ireland across a range of businesses.

    Its
    main operation is a manufacturing plant at Leixlip in Co Kildare, where
    cartridges for inkjet printers are made.The company has a software and
    localisation centre in Galway and has extensive sales and services
    operations and a bank. It has invested in a number of research
    initiatives, including a media-manufacturing centre and inkjet
    research.It was unclear last night whether Irish jobs would be lost as
    a result of the cuts.

    Chief executive Mark Hurd paid $13.2
    billion (€9.25bn) for EDS to more than double revenue at its services
    group, which manages corporate computer networks and data
    centres.Combined, the companies’ service units had more than $38bn
    (€26bn) in sales last year.The cuts are the biggest undertaken by Hurd,
    who eliminated 15,000 positions to revive profits after becoming chief
    in 2005.

    Half the job cuts will be in the US. The company said
    it will begin telling employees soon if their position will be
    eliminated.Once completed, the restructuring is expected to bring
    savings of $1.8bn (€1.3bn) annually, excluding costs spent to expand
    its sales force and reach in emerging markets, said the
    company.Hewlett-Packard completed its acquisition last month of EDS,
    which was founded in 1962. The purchase is Hewlett-Packard’s largest
    since the $18.9bn (€13bn) takeover of Compaq Computer in 2002