Oracle may cut up to 1,000 European jobs

[dhilipkumar]

Oracle may cut up to 1,000 European jobs

Oracle Corp. may lay off 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 people 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 because of forecasts that growth in Europe would be slower than expected, according to the CFDT.

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

computerworld