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
11,000 - 16,000 jobs Number of planned job losses
Announcement Date
23 May 2014
Employment effect (start)
1 June 2014
Foreseen end date
31 December 2014
Description
American multinational Hewlett Packard (HP) has recently announced a further set of restructuring measures on top of the previously announced elimination of 34.000 positions in December 2013. In May 2014, the group announced that as part of its ongoing restructuring efforts, a further 11,000 to 16,000 positions would be eliminated in the company’s global operations.
This will take the global count of job cuts to be implemented by the end of 2014 to 50,000. The company has not yet announced where exactly the newly announced 16,000 job cuts will take place.
Sources
23 May 2014: BBC
23 May 2014: The Guardian
Citation
Eurofound (2014), Hewlett-Packard (HP), Internal restructuring in World, factsheet number 77125, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77125.
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