Hewlett-Packard (HP)

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Computing
62 - Computer programming, consultancy and related activities
62 - Computer programming, consultancy and related activities
62 - Computer programming, consultancy and related activities
11,000 - 16,000 jobs
Number of planned job losses
Job loss
Announcement Date
23 May 2014
Employment effect (start)
1 June 2014
Foreseen end date
31 December 2014

Description

American multinational Hewlett Packard (HP) has recently announced a further set of restructuring measures on top of the previously announced elimination of 34.000 positions in December 2013. In May 2014, the group announced that as part of its ongoing restructuring efforts, a further 11,000 to 16,000 positions would be eliminated in the company’s global operations.

This will take the global count of job cuts to be implemented by the end of 2014 to 50,000. The company has not yet announced where exactly the newly announced 16,000 job cuts will take place.

Sources

  • 23 May 2014: BBC
  • 23 May 2014: The Guardian

Citation

Eurofound (2014), Hewlett-Packard (HP), Internal restructuring in World, factsheet number 77125, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77125.