HP workers await jobs cuts news

HP workers await jobs cuts news

Some 4,000 workers at Hewlett Packard in Ireland are waiting to hear if their jobs will be affected after the company announced its to cut its global workforce by 8%.

The computer giant last night confirmed that some 27,000 jobs are to be cut worldwide by the end of 2014.

No indication has yet been given on whether the 4,000 staff at Leixlip in Co. Kildare and Ballybrit in Galway city will be affected.

The US technology company plans to make the cuts, which amount to 8% of its global workforce of almost 350,000 people, as it struggles for sales in a marketplace increasingly dominated by smartphones and tablet computers.

HP, which has its headquarters in Palo Alto, near San Francisco, California, said the job cuts, along with other measures, should save it $3.5bn (€2.75bn) which it would invest in growth areas like “cloud” storage technology.

A spokeswoman said: “We do expect the workforce reduction to impact just about every business and region.”

HP says it hopes to reduce the number of redundancies by offering an early retirement programme.

Workforce reduction plans will vary by country, based on local legal requirements and consultation with works councils and employee representatives.

The firm’s chief executive Meg Whitman, also a former CEO of eBay, said the cuts were needed to ensure HP’s long-term health.

“While some of these actions are difficult because they involve the loss of jobs, they are necessary to improve execution and to fund the long term health of the company,” she said.

“We are setting HP on a path to extend our global leadership and deliver the greatest value to customers and shareholders.”

More on this topic

Unclear if Ireland is part of HP job cuts agendaUnclear if Ireland is part of HP job cuts agenda

HP Leixlip manager says some staff may be redeployed; up to 500 to lose jobsHP Leixlip manager says some staff may be redeployed; up to 500 to lose jobs

Hewlett Packard to close Leixlip print business with loss of 500 jobsHewlett Packard to close Leixlip print business with loss of 500 jobs


More in this Section

Tribute paid to 'hardworking' man, 50s, killed in Longford farm accidentTribute paid to 'hardworking' man, 50s, killed in Longford farm accident

Government formation: Parties discuss 'balanced development plan' for rural IrelandGovernment formation: Parties discuss 'balanced development plan' for rural Ireland

'He needs to lead by example': Mattie McGrath criticises Varadkar's picnic in Phoenix Park'He needs to lead by example': Mattie McGrath criticises Varadkar's picnic in Phoenix Park

Rent refund for University of Limerick students forced to leave during Covid-19 closureRent refund for University of Limerick students forced to leave during Covid-19 closure


Lifestyle

One word: iconic.90s celebrity power couples who were serious style goals back in the day

Alanis Morissette, celebrating 25 years since Jagged Litle Pill, talks to Ken Lexington on self-medication, love addiction, anxiety, depression and anger as an important lifeforceFor Alanis Morrisette, anger is an energy

Another week, another fiendishly fun test of your arts and showbiz knowledge from Irish Examiner Arts Editor Des O'DriscollScene & Heard: Fun culture quiz

The story of how the Cork-based executive head chef faced her “demons” and turned around her life just before her 30th birthday.This is me: Trisha Lewis transforms her body and mindset

More From The Irish Examiner