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.
IT-corporation Hewlett-Packard's global restructuring plans which involve the cutting of 29,000 jobs worldwide, will include the closure of its location in Ruesselsheim, Hesse. A social plan was agreed with the works council via the arbitration by an external lawyer. The closure decision could not be avoided.
The closure affects 1,100 josts. Out of these, 850 jobs will be eliminated. The workers will be covered by a social plan. Another 250 positions originate from car manufacturer Opel Rüsselsheim who outsourced these IT-jobs to HP. The 250 IT-workers will return to Opel.
See Hewlett-Packard Germany 2012 and Hewlett-Packard Germany 2009 for previous and related restructuring measures.
Eurofound (2013), Hewlett-Packard, Closure in Germany, factsheet number 75724, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75724.