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THOUSANDS OF WORKERS at Hewlett Packard’s Irish operations are waiting to hear to what extent massive restructuring proposals will impact their jobs.
Last night, the global corporation announced 27,000 job cuts as part of a $3.5 billion savings plan.
HP Ireland told TheJournal.ie that “unfortunately there is no additional information to share at the moment” as no specific plans with regards to specific locations have been revealed. However, a spokesperson said that the company expects the workforce reduction to impact “just about every business and region” over the next year-and-a-half.
About 4,000 staff are employed at HP’s Leixlip plant in Kildare and the Ballybrit facility in Galway city.
The cuts announced yesterday evening represent HP’s largest in its 73-year history. The reductions will affect about 8 per cent of the nearly 350,000 employees by the time the restructuring is completed in October 2014.
It is hoped that early retirement packages will help avoid a large number of actual lay-offs.
HP CEO Meg Whitman said that the company plans to funnel most of the savings into developing more products and services that could help HP adapt to tech shifts that are driving demand for more mobile computing and software that is provided over high-speed Internet connections.
“While some of these actions are difficult because they involve the loss of jobs, they are necessary to improve execution and to fund the long term health of the company,”Whitman said in a statement.
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Not good at all! I look forward to the day when we start seeing these major corporations taking on people rather than letting them go.
Did you not hear the announcement from Intel about their expansion? Take note Journal.ie.
Just remember folks these are the same guys urging a yes vote, who ll cut jobs here and drop us in an instant just to save a few cent. NOT the type of people whose opinion should be trusted on sovereign affairs! Deeply sad news, let’s hope the loss of jobs here is small.
This is just to do with supply and demand, HP is going down as it has not diversified to meet the competition.. The saved money may be invested back into the company and hopefully improve it..
So would it be fair to say that supply and demand will remain the same regardless of whether we are on board this packed metaphorical train? If that’s the case, and as you point out below, Irelands democratic wish won’t make a blind bit of notice to FDI investment and retraction in Ireland? More spoof so from Yes side?
Well your right there about FDI whether we vote yes or no, no difference,
There “hiring” alright, 40+ hrs a week for unpaid “work experience”.
Jesus can we have one story were someone doesn’t bring up the stability treaty or government.
This is bad news. But am I crazy or did I recently read somewhere that HP were actually taking on staff ??
They seem to hire a lot of their engineers etc through a independent subsidiary called HP CDS this allows them to offer lower terms and less benefits as opposed to normal HP engineers.
Stability !!!! Yeah right.
This has nothing to do with the treaty.. If industry X goes bust it’s because of the market shifts
have your say