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
540 jobs Number of planned job losses
Announcement Date
25 June 2009
Employment effect (start)
1 October 2009
Foreseen end date
31 December 2010
Description
Hewlett Packard, the US technology-solutions provider, has announced 540 job losses in the two French sites of Eybens and L'Isle-d'Abeau between October 2009 and December 2010.
The group suffered an almost 20% fall in revenue in the first quarter of its fiscal year, from November to January, and the decline accelerated in 2008-2009. The announced job cuts will come in addition to 580 lay-offs at HP's IT services company EDS, acquired last year. The CEO said the figure will be revised downwards in the next weeks. This internal restructuring is the second plan in the next 12 months.
At the end of May, the CEO announced that the group would slash 6,400 jobs, including 5,700 in Europe, without providing at that time details about which countries would be affected. HP has around 320,000 employees in more than 170 countries around the world.
Eurofound (2009), Hewlett-Packard, Internal restructuring in France, factsheet number 69165, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69165.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
