HP confirms UK job cuts

<p>Hundreds of jobs in the UK are being cut by HP.</p>

Hewlett-Packard (HP) has confirmed it is cutting more than 1,000 jobs in the UK.

The computer manufacturer revealed that 1,124 posts are being lost in total, with sites in Bracknell, Sheffield and Warrington being affected by the cutbacks.

However, HP stressed that not all of the workers are going to have to leave the company, as positions will be found in other departments for some of them.

Unite's national officer, Ian Tonks, accused HP of being "addicted" to making job cuts in the UK and criticised the timing of the announcement, which comes just a few weeks before Christmas.

"Unite will be doing everything possible to mitigate these job losses, which are a hammer blow to the UK's IT sector and very distressing for employees in the run-up to Christmas," he said.

Following the announcement of the cutbacks, the share price of HP is up considerably today (December 4th). At 15:28 GMT, stocks in the firm were 3.85 per cent up for the day.

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