Fujitsu Technology Solutions to restructure, adjust headcount
FTS to focus on services and solutions, parent company cuts 5,000 jobs
Fujitsu Technology Solutions (FTS), the Europe, Middle East, African and Indian subsidiary of Fujitsu Ltd has announced a restructuring initiative to streamline operations and reduce operating expenses.
The restructuring will result in a "headcount adjustment" according to FTS, as the company looks to cut OPEX by 150m euros ($203.3m).
The company cited an "increasingly challenging economic environment and to fundamental changes in the ICT market," for the restructure, which will see a shift to services and solutions.
Fujitsu will seek to increase its relatively small share of the services market in the CEMEA&I region. The company will streamline and balance its product portfolio and coordinate research and development, supply and manufacturing more seamlessly with Fujitsu's operations in Japan.
Rod Vawdrey, chief executive officer at Fujitsu Technology Solutions commented: "Fujitsu continues to globalize into an end-to-end services, solutions and technology provider, strengthening its value proposition to customers as a strategic partner, worldwide. Through its size and global reach, and thanks to its broad portfolio, ranging from hardware, software and solutions to ICT services, Fujitsu is one of only a few companies worldwide able to deliver comprehensive end-to-end solutions from a single vendor."
Parent company Fujitsu Ltd has also announced the loss of 5,000 jobs, and the merger of its LSI chip business with that of Panasonic Corp.
Fujitsu Ltd has predicted a net loss of Y95.0 billion ($1 billion) for the full business year, down from a profit of Y42.71 for the previous business year.
FTS was created when parent company Fujitsu bought German engineering company Siemens out of 50-50 joint venture Fujitsu Siemens Computers.