HP closes German site, laying off 850 employees

Hewlett-Packard is closing a corporate work site in Germany, laying off 850 employees.

In a statement, the world’s largest maker of PCs and printers said it will restructure its enterprise service business, which accounts for a quarter of the company’s total sales. HP’s will shut down its site in┬áR├╝sselsheim, Germany. HP has about 10,000 employees in Germany. The restructuring is likely to result in the loss of another 1,100 jobs there over time. The layoffs aren’t the first — and they won’t be the last — as the world moves toward post-PC technologies.

Those losing their jobs will receive a chance to apply for open jobs at other HP sites in Germany. HP took a charge of $1.7 billion for restructuring in its recent third fiscal quarter. Over time, HP plans to cut 29,000 jobs, or 9 percent of the company.

A HP spokesperson said in an email to ZDNet: “HP Enterprise Services has an aggressive plan to optimize its portfolio and its sales and delivery model, and to improve its cost structure, resource management and operations.”

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