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SAP to launch hiring program in March: report

FILE PHOTO: The logo of German software group SAP is pictured at the headquarters in Walldorf, Germany, May 12, 2016. REUTERS/Ralph Orlowski/File Photo

FRANKFURT (Reuters) – the German software vendor, SAP will be launching the hiring of an initiative in March, despite the slowdown in growth in recent months and a new program, restructuring, acquisition personnel is a long-term process, the personnel chief said in an interview.

“We assume that we have more employees at the end of the year than we have now,” Cawa Younosi, head of human resources (HR) told business daily Handelsblatt.

SAP announced in January that around 4,400 staff have to leave, but that its total workforce would rise.

The company has experts in growth areas such as artificial intelligence, cloud computing and the internet of things, Younosi said, adding competitors who were also looking for new staff.

SAP is set to a restructuring charge of 800-950 million euros ($906.80-1.08 billion), mainly in the first quarter, to reform his company.

The supervisory board is to meet on Wednesday.

Reporting by Vera Eckert; editing by Jason Neely

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