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 62.09 - Other information technology and computer service activities
104 jobs Number of planned job losses
Announcement Date
1 October 2012
Employment effect (start)
1 October 2012
Foreseen end date
31 December 2013
Description
The IT and technology company HP is to lay off 104 out of its currently 850 employees by the end of 2013. This is part of a larger restructuring programme by the HP group, which is to reduce its workforce by 29,000 out of 340,000 employees world-wide by the end of October 2014.
The group thus hopes to save EUR 3.5 billion in personnel costs annually from 2014 onwards. The job reduction will be a mixture of natural attrition and direct dismissals. Redundancy plans were created for the affected employees. A large part of the saved costs will be used to strengthen the company's innovation potential.
Sources
1 October 2012: Wiener Zeitung
1 October 2012: Wirtschaftsblatt
Citation
Eurofound (2012), HP, Internal restructuring in Austria, factsheet number 74233, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74233.
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