Hewlett-Packard plans to spend $1 billion to bolster its corporate services business, and will shrink its workforce by 3,000 jobs over three years as it consolidates related operations.
The company employs about 4,000 people in Dublin, Galway and Belfast, but it is not yet known if there will be any impact on these jobs.
The move follows the completion of its integration of EDS, which it bought in 2008 for nearly $14 billion.
HP, the world's largest technology company by sales, said today it would record a $1-billion charge through its 2013 fiscal year. Half of the charge will be taken in HP's third quarter.
On a net basis, the company said it will save $500 million to $700 million annually by the end of its 2013 fiscal year.
The company plans to cut 9,000 jobs, but will replace about 6,000 of those positions, adding that the changes to the workforce will be made over time and vary by country. HP has about 304,000 employees worldwide.
Under the plan, HP will invest in new commercial data centers to help customers run their complex applications on more powerful computers. HP will also eliminate some of the enterprise services unit's older commercial data centres, management platforms, networks, tools and applications.
Reuters