The world's largest personal computer maker, “Hewlett Packard” may cut as many as 1,000 jobs as part of planned European-wide redundancies in Germany.HP is planning to cut about 8,000 positions in Europe by the end of 2014, the German magazine said, citing unnamed officials close to the company.
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.
HP, which posted a second-quarter profit above market estimates, aims to use cost savings from planned job cuts to drive organic growth.
