Skip to main content

Business > News

Fri, 03 Jul 2009 Oracle may cut up to 1,000 European jobs, union says

Layoffs come as Oracle recently said it was pleased with its financial results in Europe

Mikael Ricknäs

  • Email to a friend
  • Print this article
  • Bookmark this page
  • RSS feed

Oracle may lay off between 850 to 1,000 European employees, according to the French union CFDT.

The European Works Council and the Comité d'Entreprise France were notified by Oracle on Monday and Tuesday that 250 positions would be eliminated in France, the union wrote on its blog.

Oracle employs 1,600 in France and 17,000 in Europe, the union said. Oracle had no comment, a company spokeswoman for Oracle Europe said.

The union said it has been informed by the company of plans to cut workers due to forecasts that growth in Europe would be slower than expected, according to the CFDT.

That somewhat goes against comments made by the company when it reported its latest quarterly results. Oracle said it was especially pleased with its results in Europe and highlighted 5 percent growth in the company's applications business.

But revenues in Europe, Middle East and Africa region dropped US$266 million, ending up at $2.4 billion.

Oracle has about 85,500 employees worldwide, according to headcount data in the financial report.

Check out our new Macworld Mobile site.

Follow Macworld UK on twitter: www.twitter.com/macworlduk

Email A Friend

Email this article to a friend or colleague:



PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

<<prev article | back to news index | next article>>

Latest News


More news...