HP to close site in Germany, cutting 850 jobs
(Reuters) - Computer maker Hewlett-Packard Co(HPQ.N) said on Friday it is planning to close a site in Germany by the end of October as part of its multi-year restructuring plan.
HP said it was closing its site in Ruesselsheim, Germany, southwest of Frankfurt, and that around 850 jobs would be cut. The remaining 250 employees may be able to transfer to HP partners or clients.
The restructuring of its enterprise services business will not affect HP's other major sites in Germany, the company said, adding that it would continue to employ about 10,000 people in Europe's largest economy.
HP said last year that it was planning to lay off 29,000 employees over two years as it tries to return to growth.
The company, which employs more than 300,000 people globally, began a multi-year restructuring last year aimed at focusing the sprawling company on services targeted at corporations.
HP shares were up 16 cents at $16.67 in morning trading. (Reporting by Nicola Leske; Editing by David Holmes, Nick Zieminski)
- Tweet this
- Share this
- Digg this
- India threatens to derail WTO deal, prompts angry U.S. rebuke
- Facebook says SEC's IPO probe ends, extending WhatsApp closing date
- Israel says ready to extend short Gaza truce; many bodies pulled from rubble
- Russia criticises EU sanctions, raps U.S. over Ukraine role
- UPDATE 4-Russia criticises EU sanctions, raps US over Ukraine role
Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. But after more than a year of mostly disappointing quarterly results, that faith is being tested. Full Article