Fujitsu Services operation in the UK has proposed a reduction of up to 1,200 jobs. This measure is being proposed because of lower than anticipated revenues. The reductions are expected to be complete by the end of 2009.
Fujitsu has said that the action is necessary to ensure that the company remains competitive in the current economic climate.
Fujitsu currently employs 12,500 people in the UK. It is an IT systems, services and products company with an annual revenue of £2 billion. To date the company has taken a number of 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.