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Monday, 25 June 2012 11:27

HP to cut 1000 jobs in Germany

Written by Nick Farrell



Wants to get rid of 8000 by 2014


The maker of jolly expensive printer ink, HP is about to slash 1,000 jobs in Germany as part of planned European-wide redundancies.

According to the unpronounceable WirtschaftsWoche, which had the news leaked to it by a staff member who heard a corporate axeman sharpening his blade. HP is planning to cut about 8,000 positions in Europe by the end of 2014, the German magazine said.

"As many as 1,000 jobs (in Germany) are acutely endangered," WirtschaftsWoche quoted the labor representative as saying.

HP, which employs more than 300,000 workers globally, said in May the layoff of 27,000 workers, or 8 percent of its workforce, would be made mainly through early retirement and generate annual savings of $3.0-$3.5 billion as it exits its 2013/14 year.

Nick Farrell

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