EMCC European Monitoring Centre on Change

Hewlett-Packard (HP)

Company/Organisation:
Hewlett-Packard (HP)

Geographic Location

Country: World

Company

Sector: Information / communication
IT and other information services
62.0 - Computer programming, consultancy and related activities
Number Employed: 317500

Employment Effects

Announcement Date: 31-12-2013
Planned Job Reductions min: 5000
Planned Job Reductions max: 5000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2014
Foreseen End Date: 31-12-2014

Additional Information

American multinational HP recently announced additional restructuring measures on top of the previously announced elimination of 29,000 positions in October 2013. Within the framework of the previously announced large scale restructuring plan of Hewlett-Packard, additional 5,000 positions will be eliminated by the end of 2014.

As announced in December 2013, the total number of job cuts will therefore increase from 29,000 to 34,000 jobs. The additional job cuts represent an extra 15 pc of the originally predicted number of job cuts. Detailed information on where exactly the additional 5,000 job cuts will take place is yet to be published. According to media reports however, staff in Germany will be affected by the job cuts.

By October 2013, Hewlett-Packard had already carried out 24,600 job cuts which left the company with 317,500 remaining staff.