Hewlett -Packard

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
1,000 jobs
Number of planned job losses
Job loss
Announcement Date
19 July 2005
Employment effect (start)
1 August 2005
Foreseen end date
31 December 2006

Description

Manufacturer of computers and printers Hewlett Packard, which in 2005 announced to lay off almost 1,500 employees by the end of 2006, has reduced its staff size by 1,000 jobs due a favourable development in the last months. On 19 December 2006 HP announced that the restructuring programme had come to a successful end and no further reductions were intended.

Sources

  • 19 July 2005: Frankfurter Allgemeine Zeitung
  • 13 September 2005: Spiegel Online (www.spiegel.de)

Citation

Eurofound (2005), Hewlett -Packard, Internal restructuring in Germany, factsheet number 61944, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61944.