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February 4, 2013

HP to shut its German site, axe 850 jobs

Restructuring of HP's enterprise services business

By CBR Staff Writer

HP is planning to shut down its Rüsselsheim site in Germany by the end of October 2013, which could affect about 850 jobs, while another 250 employees may be transfered to HP partners or clients.

Being executed as part of its multi-year restructuring plan, the restructuring of its enterprise services business in Germany would not have any impact on other major sites in the country, the firm said.

HP Enterprise Services executive vice president Mike Nefkens said that HP Enterprise Services has an aggressive plan to optimise its portfolio and its sales and delivery model, and to improve its cost structure, resource management and operations.

"The changes we are announcing in Germany today are a necessary part of our commitment to deliver our long-term operating model," Nefkens said.

Additionally, the firm has also revealed it will continue to employ about 10,000 people in Germany.

HP Germany managing director Volker Smid said that the firm is investing in a portfolio of services to help its clients improve their business performance on their journey to the cloud. "At HP, we will continue to invest in a highly skilled workforce, in innovation for the German industry and in the cooperation with our partners to help our clients solve their IT challenges and stay competitive while expanding their business on a global scale," Smidsaid.

In September 2012, HP revealed plans to lay-off about 29,000 employees over the next two years as part of its attempts to return to growth.

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