Location of affected unit(s):
Germany and other European countries
Information / communication
IT and other information services
62 - Computer programming, consultancy and related activities
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Foreseen End Date:
Hewlett-Packard, an American multinational hardware and software corporation, is planning to cut up to 8,000 positions across Europe, 1,000 of them in Germany.
In May, the company announced its plan to lay off 27,000 workers worldwide, about 8 per cent of its current workforce of more than 300,000 workers.
HP says that these job reductions would be made mainly through early retirement. The company claims to use cost savings from planned job cuts to drive organic growth.