Restructuring events
European Restructuring Monitor (ERM)
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.
Hewlett-Packard, an American multinational hardware and software corporation, is planning to cut up to 8,000 positions across Europe, 1,000 of them in Germany.
In May, the company announced its plan to lay off 27,000 workers worldwide, about 8 per cent of its current workforce of more than 300,000 workers.
HP says that these job reductions would be made mainly through early retirement. The company claims to use cost savings from planned job cuts to drive organic growth.
Eurofound (2012), Hewlett-Packard, Internal restructuring in European Union, factsheet number 73778, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73778.