Restructuring events
European Restructuring Monitor (ERM)
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.
Hewlett-Packard Belgium announced its intention to cut 265 jobs, 13% of its workforce is Belgium.
The management justifies the worldwide restructuring measures by decrease in profits and global market decline. The group already announced its intention to cut 29,000 jobs worldwide.
According to the trade unions, the company has to carry social responsibility and enter negotiations in order to reduce the number of job losses.
The implementation of the collective redundancy procedure should start in the next few days.
Eurofound (2012), Hewlett-Packard, Internal restructuring in Belgium, factsheet number 74354, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74354.
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