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
1,000 jobs Number of planned job losses
Announcement Date
19 July 2005
Employment effect (start)
1 August 2005
Foreseen end date
31 December 2006
Description
Manufacturer of computers and printers Hewlett Packard, which in 2005 announced to lay off almost 1,500 employees by the end of 2006, has reduced its staff size by 1,000 jobs due a favourable development in the last months. On 19 December 2006 HP announced that the restructuring programme had come to a successful end and no further reductions were intended.
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