OEM states it will not cut any jobs in India, as 27,000 HP jobs are to be lost elsewhere.
The Times of India reports that HP’s CEO Meg Whitman has announced the company will not cut any jobs in India as the company undergoes restructuring, stating that the region “will stay largely intact.”
Speaking during a recent three-day visit to India, Whitman reportedly said: “We are not reducing our workforce in India. We have announced a global workforce reduction, but India will stay largely intact, because we not only have all our business units here, but also our R&D and back office. We are focused on keeping our workforce here, and I think over time, probably increase the workforce.”
Despite industry experts reportedly stating that around 10 percent of HP’s 300,000-plus workforce operates in India, the 27,000 jobs being cut by the company as part of its restructuring will not affect the country, as Whitman emphasises its importance to the business.
“What is great about India for HP is all of our businesses are represented here, everything from PCs to printers to software, servers, networking and storage. Then we have our services businesses as well as our technology consulting services. In a funny way, it is a microcosm in this market of big HP,” said Whitman.
Whitman continued that “the opportunity is huge” in India, and that “by and large, the Indian business has delivered […] despite the fact that the Indian economy has been shaky.”
According to the article, it was highlighted in HP’s 2011 annual report that the company’s activity is increasingly taking place in emerging markets such as India and China, with “sales outside of US mak[ing] 65 percent”.
The Recycler reported in June that HP denied claims by an Indian newspaper that it had announced plans to hire 15,000 staff in India, although Whitman has indicated that its Indian workforce will “probably increase.”