HP will lay off nearly a thousand people in the analysis of layoffs in Britain is not over

Beijing on September 13th news, Hewlett-Packard Co announced that it would cut 5900 jobs in Europe, the Middle East and Africa on Tuesday, as part of the plan, HP will be in the next 12 months in the UK in 968 layoffs.

HP spokesman said that HP's production operations in the UK will not be much affected, layoffs mainly in human resources, IT and the financial sector. HP has five offices in the UK, located in Black Neil, Bristol, Redding, Burlington and Glasgow. Among them, HP is located in the production center in Glasgow will not be too much impact on layoffs. HP spokesman said that HP's layoffs in the UK is mainly to simplify the operation of enterprises.

In July this year, HP announced that it would lay off 14 thousand and 500 people in the world, accounting for about 10% of its total number of employees. HP's new CEO Mark - (Mark) is expected, after the completion of the layoffs, HP annual operating expenses can be reduced by $1 billion 900 million, while the competitiveness of the computer and printer market will also be greatly improved by Hurd. May 2002, HP to $19 billion after the acquisition of Compaq has laid off 15 thousand people.

Analysts predict that HP may further layoffs or spin off the printing and imaging business and personal computer business, because HP's operating costs are still higher than the main competitors DELL. Over the past 12 months, HP's shares rose by $27.74, to close at $44% on Monday. August 16th, HP released the 2005 fiscal year third quarter earnings. The report shows that due to the steady growth of the commercial computer business, HP's performance exceeded Wall Street expectations. On Friday, sources said HP would cut 6000 jobs in Europe, half of which came from France, Germany and the uk.