Fujitsu Services operation in the UK has today announced a rationalisation programme across its workforce, proposing a reduction of up to 1,200 jobs. This measure is being proposed because of lower than anticipated revenues.
Fujitsu has proposed this measure reluctantly. However action is necessary to ensure that the company remains competitive in the current difficult global economic climate and is in a solid position for future growth when the economy starts to recover.
Fujitsu has a strong history of consultation with employees and is committed to working with elected representatives to consider ways of achieving the necessary reductions.
Fujitsu currently employs 12,500 people in the UK. It is a leading IT systems, services and products company with an annual revenue of £2 billion. To date the company has taken a number of prudent measures to keep its cost base down and avoid job losses, including a company wide pay freeze, a reduction in the number of contractors and temporary workers, a re-training programme and tight control of recruitment. In addition strict controls have been applied to operational and capital expenditure.
The proposed reductions are expected to be complete by the end of 2009. All affected employees will be offered guidance and support. A process of consultation with elected employee representatives is being established.
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Over 170,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.5 trillion yen (US$54 billion) for the fiscal year ended March 31, 2012. For more information, please see: www.fujitsu.com
Fujitsu UK and Ireland is a leading IT systems, services and products company employing 11,400 people with an annual revenue of £1.7 billion. Its business is in enabling its customers to realise their objectives by exploiting information technology through its integrated product and service portfolio. This includes consulting, applications, systems integration, managed services and product for customers in the private and public sectors including retail, financial services, telecoms, government, defence and consumer sectors. For more information, please see: uk.fujitsu.com
+ 44 (0) 843 354 9568
Fujitsu UK & Ireland
+ 44 (0) 20 8564 6322
Date: 26 August, 2009
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