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.
HP Inc is to close its inkjet cartridge manufacturing site in Leixlip, Co Kildare, with the loss of up to 500 jobs. Due to restructuring within the HP company, the manufacturing plant in Leixlip has been signalled for closure. The company has employed people at the site since 1995. HP Inc managing director said the closure is not because the plant was not competitive but rather was to consolidate manufacturing to fewer sites in order to achieve operational and organisational efficiencies - the Co Kildare plant is a small site within the company. The company says it is "focusing its efforts on supporting [affected employees] and identifying opportunities for them and providing a programme to help them prepare for the transition ahead" (RTE).
In 2015, HP was divided into two separate businesses, HP Inc and Hewlett-Packard Enterprise. HP Inc is the manufacturing side of the operation while Hewlett Packard Enterprise works in cloud computing and business transformation.
Eurofound (2017), HP Inc, Closure in Ireland, factsheet number 90199, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90199.