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Galway Bay FM News Archives

HEWLETT PACKARD FORECASTS 8 BILLION DOLLAR CHARGE AGAINST EARNINGS

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Date Published: 09-Aug-2012

Global technology firm Hewlett Packard, which has its European Software Centre in Ballybrit, is to take a massive charge of around 8 billion dollars against its earnings in the third quarter of its fiscal year.

The firm says the impairment review stems from the recent trading value of HP’s stocks, coupled with market conditions and business trends within the Services segment.

Hewlett Packard has also reported an increase to a planned pre-tax charge it expects to take in the third quarter from 1 billion to between 1.5 and 1.7 billion dollars in relation to its restructuring plan.

It follows a higher than anticipated acceptance rate under its early retirement program and a faster than expected implementation of the workforce reduction program.

Both initiatives were introduced as part of the company’s global restructuring program which was announced in May.

The firm employs around 4 thousand staff in Ireland with up to 600 of these based in Ballybrit.

A localised breakdown of the numbers taking up early retirement in the Galway division is unavailable but the firm has confirmed that workforce reductions will impact “just about every business and region” to some extent.

Up to 27 thousand employees worldwide are expected to exit the HP workforce by the end of fiscal year 2014 as part of the restructuring plan.

Galway Bay FM News Archives

Galway has country’s largest population of young people

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Date Published: 07-May-2013

Galway has a population of young people which is more than twice the national average.

According to information gathered by the Central Statistics Office, Galway’s population of 20 to 24 year olds is more than twice the national average.

The number of 25-34 year olds in Galway is also more than the norm nationally, with the two main colleges thought to be the main reason.

However immigration in Galway is much higher than in other areas at 19.4 percent, compared to the national average of 12 percent.

 

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Galway Bay FM News Archives

Call for direct donations to city charity shops

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Date Published: 07-May-2013

A city councillor is encouraging people to donate goods directly to charity shops.

It follows allegations of thefts from clothes banks in Galway and across the country in recent months.

However, cameras are in place at some clothes banks and surveillance is carried out by local authorities.

Speaking on Galway Talks, Councillor Neil McNeilis said the problem of theft from clothes banks is widespread.

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Galway Bay FM News Archives

Galway ‘Park and Ride’ could become permanent

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Date Published: 07-May-2013

A park ‘n’ ride scheme from Carnmore into Galway city could become a permanent service if there is public demand.

That’s according to the Chief Executive of Galway Chamber of Commerce, Michael Coyle.

The pilot scheme will begin at 7.20 next Monday morning, May 13th.

Motorists will be able to park cars at the airport carpark in Carnmore and avail of a bus transfer to Forster Street in the city.

Buses will depart every 20 minutes at peak times and every 30 minutes at offpeak times throughout the day, at a cost of 2 euro per journey.

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