Restructuring events
European Restructuring Monitor (ERM)
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.
Computer firm Hewlett-Packard (HP) is to cut up to 1,124 jobs in the UK. Starting in 2014, cuts will affect the sites in Bracknell (600 jobs cut), Sheffield (23) and Warrington (500).
The measure is part of a large-scale global restructuring plan affecting 27,000 positions, of which 8,000 in Europe. The restructuring is blamed on falling demand for desktop computers.
According to HP, there will be redeployment opportunities and support for the affected staff including re-skilling and alternative employment. Hence, it is likely that part of the 1,124 workers will not be made redundant.
In 2010, HP had announced to cut 1,300 staff in the UK. The company employs about 17,500 staff in the UK.
Eurofound (2013), Hewlett-Packard, Internal restructuring in United Kingdom, factsheet number 76305, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76305.