The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
14,500 jobs Number of planned job losses
Announcement Date
19 July 2005
Employment effect (start)
Foreseen end date
31 December 2006
Description
Hewlett Packard has announced a worldwide redundancy programme to be implemented by the end of 2006. The objective is to save $1.9 billion in computer, human resources and financial departments. Management announced on 19 July 2005 the suppression of 14,500 jobs and a reorganisation of three departments in order to improve efficiency and strengthen up ties between marketing and sales actions. In Europe, Germany, France, Belgium, the Netherlands and the UK will be affected
Eurofound (2005), Hewlett-Packard, Internal restructuring in World, factsheet number 61976, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61976.
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