Oracle Job Cuts
Friday, July 3rd, 2009
Looks like Oracle could be the latest Multinational to cut jobs in Europe. Read article below from ENN
The paper also says that Oracle is planning to cut up to 1,000 jobs in Europe, according to a French labour union. A note on the website of the CDFT union says it has been informed by the company of plans to cut between 850 and 1,000 in Europe, from a total of 17,000 staff. Around 250 positions will be lost in France, the union claims, just over 15 percent of its French workforce. The apparent move by the software giant comes shortly after the company said it detected signs of improvement in its North American business for its fiscal fourth quarter, but indicated that the business environment in Europe remains challenging. An Oracle spokeswoman declined to comment.
