HP job cuts to hit 29,000 worldwide

Hewlett-Packard, which employs about 4,000 workers in Ireland, said job cuts under its reorganisation plan announced in May will reach 29,000, more than it had originally disclosed.

10th September, 2012
HP chief executive Meg Whitman.

Hewlett-Packard, which employs about 4,000 workers in Ireland, said job cuts under its reorganisation plan announced in May will reach 29,000, more than it had originally disclosed.

The cuts, exceeding the 27,000 estimated earlier, will take place through fiscal year 2014, Hewlett-Packard said today in a regulatory filing. The company said it will book reorganisation expenses of about $3.7 billion during the period.

Hewlett-Packard is grappling with slower demand for printers, services and data-center equipment. The company said in May...

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