Fujitsu invests £800m in UK

Kasmira Jefford
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FUJITSU, Japan’s largest IT service provider, has injected £800m of investment into its UK arm to help cut the deficit across three of its defined-benefit pension schemes.

The company, which is the UK’s biggest Japanese employer with 14,000 staff, said the move will in turn help “create space” for investment in the coming years.

“This move only strengthens our ability to contribute to economic growth on these shores,” Duncan Tait, chief executive of UK & Ireland, said.

In 2012, Fujitsu invested £50m in the UK and hired 1,800 staff.