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 has announced that it will split its services activities (Hewlett Packard Enterprise - HPE) and merge them with Computer Science Corporation (CSC). In the framework, Hewlett-Packard France (which currently employs around 2,500 people in France) has announced an employment safeguard scheme that will cut about 122 positions in France from a total workforce employed by HPE of 1296 people. The management and unions are currently negotiating the content of the plan. The are no details as to whether or not the job cuts will be a result of a voluntary departure plan, or direct dismissals. An employment safeguard plan is also currently being negotiated by CSC to cut about 35 position out of a total of 1691. The union CFTC expects that the new entity will be covered by a less favourable sectoral agreement (the "Syntec sectoral agreement) than the matallurgy industry sectoral agreement that is currently applied to the employees of HPE.
Eurofound (2016), Hewlett-Packard France, Merger/Acquisition in France, factsheet number 87615, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87615.