EMCC European Monitoring Centre on Change

Hewlett-Packard

Company/Organisation:
Hewlett-Packard

Geographic Location

Country: World
Location of affected unit(s): France, UK, German, Belgium, Netherlands.

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 100000

Employment Effects

Announcement Date: 19-07-2005
Planned Job Reductions min: 14500
Planned Job Reductions max: 14500
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2006

Additional Information

Hewlett Packard has announced a worldwide redundancy programme to be implemented by the end of 2006. The objective is to save $1.9 billion in computer, human resources and financial departments. Management announced on 19 July 2005 the suppression of 14,500 jobs and a reorganisation of three departments in order to improve efficiency and strengthen up ties between marketing and sales actions. In Europe, Germany, France, Belgium, the Netherlands and the UK will be affected