Updated at 4pm
COMPUTER COMPANY HEWLETT-PACKARD is set to cut between 25,000 and 30,000 jobs.
This comes as part of plans to split the company into two parts, with Hewlett Packard Enterprise splitting away from the company’s printer and personal computer business.
Both of these will operate as listed companies. It’s unclear how the lay-offs will affect HP in Ireland, where it employs 4,000 people.
This restructuring is part of a plan that aims to save the company $2.7 billion (€2.4 billion) annually in cost reductions.
The Irish situation
Currently the company employs around 4,000 individuals in Ireland.
These are based at operations in Kildare, Dublin, Galway and Belfast.
At the moment the company has projected the number of people leaving the company on an international level and has not stated how the changes will impact on workers here.
A spokesperson said they would not be commenting at the moment on today’s news.
The most recent announcement follows a turnaround plan that was announced in October of last year.
Why is this happening?
Speaking about the restructuring, Meg Whitman, the current chairman, president and chief executive officer of HP, said that the company aims to build on its current position in the market.
“Hewlett Packard Enterprise will be smaller and more focused than HP is today, and we will have a broad and deep portfolio of businesses that will help enterprises transition to the new style of business.
“These restructuring activities will enable a more competitive, sustainable cost structure for the new Hewlett Packard Enterprise.
We’ve done a significant amount of work over the past few years to take costs out and simplify processes and these final actions will eliminate the need for any future corporate restructuring.
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