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.
IT-company Hewlett-Packard, which in May 2012 announced to cut 29,000 jobs worldwide, released first figures on job cuts in Germany. According to HP-management, the first restructuring phase will involve a minimum of 450 job cuts by 2014. The subsequent restructuring phase may result in further redundancies. Currently, HP employs about 10,000 persons in Germany, out of these about 4,000 are located in Bölblingen, Baden-Wuerttemberg. The global restructuring programme is initiated as a response to HP's declining market shares. The company has witnessed a decrease in computer sales due to the increase in usage of smartphones and tablet pcs last years.
Eurofound (2012), Hewlett-Packard, Internal restructuring in Germany, factsheet number 74128, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74128.