HP

Type
Internal restructuring
Country
Austria
Region
Location of affected unit(s)
Sector
Information / Computing
62 - Computer programming, consultancy and related activities
62.9 - Other information technology and computer service activities
62.90 - Other information technology and computer service activities
104 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/74233.