Reuters wrote on Friday that HP is closing its enterprise software business in Ruesselsheim, Germany, as part of its multi-year restructuring plan. Around 850 jobs will be cut, the remaining 250 employees will have the opportunity to transfer to HP partners or clients. HP explains the closure is necessary due to efficiency gains, local partners outsourcing and consolidation with other HP global service delivery hubs.
HP said it was closing its site in Ruesselsheim, Germany, southwest of Frankfurt, and that around 850 jobs would be cut. The remaining 250 employees may be able to transfer to HP partners or clients.
The restructuring of its enterprise services business will not affect HP's other major sites in Germany, the company said, adding that it would continue to employ about 10,000 people in Europe's largest economy.
HP said last year that it was planning to lay off 29,000 employees over two years as it tries to return to growth.