UPDATE 2-Dutch Ordina to slash jobs, in talks over BPO unit

* To cut 350 jobs in 2009

* Ups cost-cutting target to 25 mln eur/yr from 2010

* Seeks buyer for business processing unit

(Adds shares, comment on BPO detail)

AMSTERDAM, Dec 18 (Reuters) - Dutch IT services firm Ordina NV (ORDN.AS) plans to slash 350 jobs, it said on Thursday, accelerating a cost-cutting drive as it sought a buyer for its loss-making business process outsourcing (BPO) activities.

The mid-cap firm, which trimmed 2008 margin and revenue forecasts last month, said it expected the layoffs to reduce costs from 2010 onwards by 25 million euros ($35 million) a year, more than doubling a target of 10 million euros it had announced in August.

A declining market was hitting demand for its services, Ordina said, and the job cuts would take effect next year, when they should reduce costs by about 15 million euros.

In November, the company said its trading environment had worsened significantly and cut its full-year revenue forecast to 690 million euros from 700-720 million, sending its shares to six-year lows.

Ordina also cut its earnings before interest, taxes and amortisation (EBITA) margin to between 5 percent and 6 percent from a 7-8 percent range.

Shares in Ordina, which have fallen about 80 percent since the start of the year, were down 1 percent at 2.09 euros by 1013 GMT, while Amsterdam's mid-cap AMX .AMX index was flat.

The firm said it was in talks with potential buyers of the BPO business, which it had previously identified as a growth driver.

It said it would provide an update next month on the future of the unit, which accounts for 6 percent of revenue and is expected to be loss-making in 2008 after a large contract ended.

Ordina's main competitors on the Dutch IT services market and France's Cap Gemini (CAPP.PA) and Getronics, which was bought by KPN (KPN.AS) in 2007. (Reporting by Catherine Hornby; editing by John Stonestreet) ($1=.7137 Euro)