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Germany / Hewlett-Packard lays off 850 employees

Hewlett-Packard Co. HPQ -0.15% will close its site in Ruesselsheim, Germany, by the end of October and layoff about 850 employees–or 8.5% of its workforce in the country–as part of a previously announced broader restructuring effort.

“The changes we are announcing in Germany today are a necessary part of our commitment to deliver our long-term operating model,” said Mike Nefkens, executive vice president of H-P Enterprise Services.

Chosen excerpts by Job Market Monitor from

Market Watch

via H-P lays off 850 employees, closes Germany site – MarketWatch.

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