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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.09 - Other information technology and computer service activities
5,000 jobs Number of planned job losses
Announcement Date
21 September 2017
Employment effect (start)
Foreseen end date
Description
Hewlett Packard has announced a plan to cut 5,000 jobs, representing about 10 percent of its workforce. The job reduction plan is due to start before the end of 2017. The US based company has not yet announced where these jub cuts will fall, however the layoffs are likely to affect people in the US headquarter and around the world.
Sources
22 September 2017: theinquirer.net
21 September 2017: Bloomberg.com
Citation
Eurofound (2017), Hewlett Packard Enterprise, Internal restructuring in World, factsheet number 92187, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92187.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
