Menu
Oracle may cut up to 1,000 European jobs, union says

Oracle may cut up to 1,000 European jobs, union says

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

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 $US266 million, ending up at $US2.4 billion.

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


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Oraclelayoffseurope

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments