US computer and printer maker Hewlett-Packardis cuttingabout 6,000 jobs, about 6.6 per cent of its global workforce, due to deteriorating global economic conditions and related weakness in technology spending.
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The company employs 2,100 people at its plants in Leixlip, Co Kildare, and in Dublin.
The company also said it expects revenues for the third quarter ending July 31st will decline 14 per cent to 16 per cent from the same time last year.
"Economies around the world continue to weaken as we move through the quarter," Ms Carly Fiorina, HP chairman and chief executive, said in a statement. "Our consumer business is being particularly hard hit with revenues expected to be down 24 per cent" she said.
Ms Fiorina said HP expects the cuts to result in a savings of about $500 million annually.
Thecompany said it has also taken additional short-term actions to keep expenses down. One such action, a voluntary payroll saving programme, is expected to save about $130 million for the rest of the year, the company said.
Over 80,000 employees offered to take pay cuts or use additional vacation days in an effort to trim costs.
As of early July, the company employed about 90,000 people worldwide.