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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.0 - Computer programming, consultancy and related activities
2,000 jobs Number of planned job losses
Announcement Date
10 September 2012
Employment effect (start)
Foreseen end date
31 December 2014
Description
Hewlett-Packard will cut additional 2,000 jobs worldwide. The company announced a multiyear restructuring plan in May, implying the loss of 27,000 jobs. With the update in September, the total job loss increases to 29,000.
Hewlett-Packard claims that part of the extra job loss will come from an "enhanced early retirement" scheme for its US employees. The current early retirement programme is described as successful, as close to 11,500 people are expected to leave the company by the end of 2012, which is considerably more than the estimated 9,000 people.
Hewlett-Packard goes through a restructuring process, reorganising itself towards more focus on software and services for business.
Sources
10 September 2012: Financial Times
30 December 2013: Business Insider
2 January 2014: zdnet
Citation
Eurofound (2012), Hewlett-Packard, Internal restructuring in World, factsheet number 74102, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74102.
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