Fujitsu to cut 1,200 jobs

Japanese IT firm Fujitsu Ltd said on Wednesday it was cutting up to 1,200 jobs in the UK in response to lower-than-anticipated revenues.

The company, which employs 12,500 people in the UK, said the action was necessary to remain competitive in the current difficult economic climate.

It said had already frozen pay across the company and reduced its contactors and temporary workers in order to avoid job losses in Britain, where it has annual revenues of 2 billion pounds ($3.3 billion).