HP says Irish job cuts are likely

Hewlett-Packard expects that Irish staff will be among the 27,000 jobs to be shed as part of a three-year global restructuring plan.

HP stated that the changes to its global workforce will vary by country, based on local legal requirements and consultations with employee works councils and other employee representatives, as appropriate. In total, 8% of the global workforce will lose their jobs by 2014.

A company spokesperson said: “The restructuring is a multi-year plan spread over three years and HP have not yet announced specific plans with regards to specific locations. We do expect the workforce reduction to impact just about every business and region.”