HP axes 1,400 UK jobs
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Posted in Business, 5th July 2002 11:31 GMT
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Hewlett-Packard is to slash 1,400 jobs in the UK as part of the computer giant's bid to reduce its global workforce.
In total, 15,000 jobs - ten per cent of the company's workforce - are to be axed following its merger with Compaq.
But at more than 18 per cent, the UK's contribution to the headcount reduction is almost double the global average.
HP in the UK currently employs approximately 7,600.
Around 450 permanent employees at HP's manufacturing site in Erskine, Scotland and some 950 workers from HP's operating company that includes its sales and marketing operation in the UK will be axed as part of the restructuring.
Earlier this week HP said that 5,900 people in Europe would lose their jobs.
No one from HP was available for comment at the time of writing. ®
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