EDS sacks 75 staff following HP buy-out

EDS sacks 75 staff following HP buy-out

EDS will cut 75 local staff from its headcount of 6000.

Electronic Data Systems (EDS) will slash 75 staff from its local workforce as part of a global headcount reduction lead by parent company Hewlett-Packard (HP) which plans to axe 24,600 jobs over three years.

The cuts are part of a global restructure following HP's acquisition of EDS for $21 billion in August this year. HP's United States workforce will be hardest hit by the 7.5 percent headcount reduction.

The restructure is expected to save HP about $2.72 billion each year.

EDS Australia has about 6000 staff.

A local EDS spokesperson would not comment further on the restructure plans, but did not rule out further job losses in the future.

“[Operational] integration is dealt with systematically, and timelines and roadmaps are still being established,” she said.

“As with all other integrations, there will possibly be further areas of overlap and organisational realignment that may impact our employees. However, no decisions have been made at this stage.

“This initiative is part of the global workforce reduction aimed at better aligning the combined HP and EDS services and outsourcing businesses.”

The company claimed the cuts, to be rolled out over the next five weeks, will not affect service delivery.

HP will slash some 3378 jobs from it's United Kingdom workforce over two years, with a further 9300 cut from Europe, the Middle East and Africa.

The acquisition is HP's largest deal since its purchase of Compaq Computer in 2002.

Follow Us

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags eds

Show Comments