HP says aims to cut 5,700 EMEA jobs
HELSINKI - Hewlett-Packard Co said on Thursday it plans to cut 5,700 jobs in its Europe, Middle East and Africa region (EMEA) over the next two years.
A company spokeswoman said part of the job cuts were related to HP's global job cut programme, and part stemm from deterioration in demand.
She declined to say how large a share of the job cuts would be related to HP's global savings programme, unveiled on May 19. HP plans to lay off roughly 6,400 staff globally as consumers and businesses cut spending on computers, printers and services.
HP, which competes with smaller rivals Dell Inc (DELL.O) and Acer Inc (2353.TW) in a depressed global PC market, forecast on May 19 that fiscal year revenue would slide 4-5 percent. [ID:nN19414562]
HP said on Thursday it has submitted a proposed restructuring plan in the region to its European Works Council.
HP said it has also presented a plan to move its Enterprise, Storage and Servers (ESS) production from Germany and Scotland to a partner company in the Czech Republic during 2010.
At end-April HP had approximately 80,000 staff in EMEA.
(Reporting by Tarmo Virki); Editing by David Cowell)
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