People in Procurement - News and Comment » Hewlett Packard http://news.peopleinprocurement.com Thu, 02 Jul 2009 08:01:07 +0000 http://wordpress.org/?v=2.8 en hourly 1 Procurement “synergies” key to HP success after massive jobs cull http://news.peopleinprocurement.com/2008/09/16/procurement-synergies-key-to-hp-success-after-massive-jobs-cull/ http://news.peopleinprocurement.com/2008/09/16/procurement-synergies-key-to-hp-success-after-massive-jobs-cull/#comments Tue, 16 Sep 2008 11:35:19 +0000 http://sustainable-sourcing.com/peopleinprocurement/?p=5 IT giant Hewlett Packard looks set to shake-up its procurement operation after announcing plans to slash almost 25,000 jobs worldwide.

According to a statement on the company’s website, HP is preparing to implement a three-year restructuring programme aimed at saving the company up to $1.8bn annually.

The majority of the job cuts will come in HP’s Electronic Data Systems (EDS) arm – the company HP bought for $13.2bn last year.

The two companies currently have a combined employee count of 320,000, and HP believe the new program will “streamline the combined company’s services businesses.”

“In addition to making changes to its global workforce to better serve its services customers, HP has identified synergies in corporate overhead functions, such as real estate, IT and procurement,” it added.

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