According to the European wide redundancies plan it is expected that HP will be cutting approximately 1000 jobs in Germany. And by the end of 2014 the world’s largest computer maker multinational information technology corporation Hewlett Packard (HP) will cut about 8,000 jobs in all over Europe.
HP’s representatives in Germany have not released any comment yet, about the decision of the company.
After leakage of this news currently 1000 jobs in Germany are on stake. Hewlett Packard has employed approximately 300,000 and above people all over the globe. In May, HP announced 27,000 employees lay off then 8 percent of the workforce will be excluded from the total, by following this process the company will be able to generate a yearly saving of $3.0-$3.5 billion.
This American company has been playing its role as a reliable products, technologies and software manufacturer, since the year 1939. HP which was founded in a one car garage has currently employed up to 300,000 employees, but from this year 2012 till 2014, jobs of thousands of employees are declared endangered. These layoffs will help the company to drive organic growth.
The founders of Hewlett Packard Bill Hewlett, David Packard, have not revealed any other statement yet, but they have definitely placed in the German employees of HP in an alarmed situation. Aside Germans, rest of the European HP employees are also finding themselves under stake, and they are trying to figure out the exact decided count of downsizing, in their respective country.
The German weekly business news magazine WirtschaftsWoche quoted one of the labor representatives saying that “As many as 1,000 jobs (in Germany) are acutely endangered,”
The count in rest of the European countries is still unknown, but HP’s employees are definitely in a state of shock.