HP Announces Restructuring Plan for Enterprise Services in Germany

HP Announces Restructuring Plan for Enterprise Services in Germany 
Plan Is Part of the Previously Announced Multiyear Restructuring 
BOBLINGEN, GERMANY -- (Marketwire) -- 02/01/13 --  HP (NYSE: HPQ)
today announced plans to restructure its Enterprise Services business
in Germany.  
The plan is part of HP's global multiyear restructuring plan that was
announced on May 23, 2012, and further detailed at its Securities
Analyst Meeting on Oct. 3, 2012. 
Under the proposal presented today to the German Supervisory Board,
the planned changes in Germany will affect approximately 1,100
positions. The company will also close its site in Ruesselsheim,
Germany, by the end of October. 
"As we described during our Securities Analyst Meeting in October, 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," said Mike Nefkens, executive
vice president, HP Enterprise Services. "The changes we are
announcing in Germany today are a necessary part of our commitment to
deliver our long-term operating model."  
The detailed turnaround plan for HP Enterprise Services has four
strategic pillars:  

--  Improving the portfolio through innovation in the core and expanded
    offerings in higher-growth services such as cloud and information
--  Strengthening accountability and empowering account executives.
--  Optimizing the cost structure with a focus on account performance.
--  Improving operating excellence with tools, processes and a formalized
    operating cadence.

HP Enterprise Services restructuring in Germany
 As part of the
upcoming closure of the Ruesselsheim site, approximately 850
positions will be eliminated due to efficiency gains, local partner
outsourcing and consolidation with other HP global service delivery
hubs. Employees affected by the changes will have the opportunity to
apply for open positions at other HP sites. 
The approximately 250 employees that remain at the site will have the
opportunity to transfer to HP partners or clients. 
"HP is investing in a portfolio of services to help our clients
improve their business performance on their journey to the cloud,"
said Volker Smid, managing director, HP Germany. "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." 
The HP Enterprise Services restructuring will not impact any of HP's
other major sites in Germany, and the company will continue to employ
approximately 10,000 people in the country. 
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Commission, including HP's Annual Report on Form 10-K for the fiscal
year ended October 31, 2012. HP assumes no obligation and does not
intend to update these forward-looking statements. 
Copyright 2013 Hewlett-Packard Development Company, L.P. The
information contained herein is subject to change without notice. The
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Editorial contacts 
Michael Thacker
+1 650 857 2254
Anette Nachbar
+41 79 2482130
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