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
300 - 350 jobs Number of planned job losses
Announcement Date
5 January 2005
Employment effect (start)
5 January 2005
Foreseen end date
31 December 2005
Description
Hewlett-Packard Co plans to cut 300 to 350 jobs in Germany in 2005, WirtschaftsWoche magazine reported, citing unnamed sources within the company. As part of the restructuring, the sources told WiWo that HP plans to close its operation in Cologne, where it employs 160 workers. 'As a result of the Triaton purchase and a variety of outsourcing contracts, HP staff increased from 7,400 to 10,000', an HP manager told the magazine. 'Consequently, we have to make some adjustments.' HP bought the IT group Triaton from ThyssenKrupp AG in February 2004 for 340 million.
Sources
5 January 2005: WirtschaftsWoche
Citation
Eurofound (2005), Hewlett-Packard, Internal restructuring in Germany, factsheet number 61197, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61197.
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