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: 312500

Employment Effects

Announcement Date: 23-05-2014
Planned Job Reductions min: 11000
Planned Job Reductions max: 16000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-06-2014
Foreseen End Date: 31-12-2014

Additional Information

American multinational Hewlett Packard (HP) has recently announced a further set of restructuring measures on top of the previously announced elimination of 34.000 positions in December 2013. In May 2014, the group announced that as part of its ongoing restructuring efforts, a further 11,000 to 16,000 positions would be eliminated in the company’s global operations.

This will take the global count of job cuts to be implemented by the end of 2014 to 50,000. The company has not yet announced where exactly the newly announced 16,000 job cuts will take place.