21 Oct 2009

Sun to cut 3000 jobs

1:52 pm on 21 October 2009

Sun Microsystems is to cut 3000 jobs in the next year as it awaits the verdict of an EU inquiry into a takeover by Oracle Corp.

The BBC reports they are the latest in a series of cuts to be made by the company, which has suffered prolonged financial woes.

Business software company Oracle has proposed a $US7.4 billion takeover of computer hardware and software maker Sun.

The United States Justice Department has given its approval to the deal, agreed in April, but the EU is still investigating.

Last month, Oracle said that Sun was losing $US100 million every month as it waited for the result of the inquiry.

The BBC reports the EU is concerned mainly about Oracle having control over Sun's MySQL database business.

Oracle maintains that MySQL did not compete against each other, and said he would not sell off MySQL to get the deal approved.

The EU has said it will make its final decision by 19 January, 2010.