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HP Confirms Another 7,000 Employee Layoff In EMEA Region
IT giant is restructuring its business to cut costs and become more agile
By Anh NguyenHP has announced that over 7,000 employees will be affected by the restructuring of its EMEA business.
The IT giant is reorganising its business in the region in a bid to cut costs.
"Under the proposal presented to the European Works Council (EWC), HP expects approximately 7,095 employees to exist the company or to be re-deployed into new roles that better fit the future needs of the company and its customers," the IT giant said.
While HP declined to provide a regional breakdown on the redundancies, it said that they will "vary by country", depending on local legal requirements and consultation with trade unions.
"Customers will continue to have access to HP's full portfolio of services with the same level of quality. HP will also be taking steps to help affected employees during this transition," the company said.
The job cuts are part of a restructuring plan that HP first announced on May 23, 2012.
By streamlining processes, HP is hoping to deliver a "more agile and responsible" business model in EMEA
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