Fujitsu to terminate up to 1,200 jobs

Technology company Fujitsu is to make up to 1,200 UK employees redundant by the end of the year.

The firm said in a statement on Wednesday that it was making the UK job cuts due to "lower than anticipated revenues".

"Fujitsu has proposed this measure reluctantly," said the statement. "However, action is necessary to ensure that the company remains competitive in the current difficult global economic climate."

A spokesperson for the company told ZDNet UK on Wednesday that Fujitsu had not yet decided which of its workforce would be made redundant, and that the cuts would be made following a consultation process involving employee union representatives.

The job cuts are not linked to the company's decision to close its final salary pension scheme, said the spokesperson. Unite, the UK's largest union, said at the beginning of the month that Fujitsu planned to dismiss employees on the scheme, and re-employ them on a different pension plan.

The firm is still in the running for a UK government ID card contract, the spokesperson added.

Fujitsu has an annual revenue in the UK of £2bn, and currently employs approximately 12,500 people. More detailed UK revenue figures were not available at the time of writing. However, Fujitsu's Q1 financial results, published in July, reported a consolidated net loss of 29.1bn yen (£186m) for the corporation.