HP Inc to cut 500 jobs at plant in Kildare
Management at HP Inc in Leixlip have informed staff that up to 500 people will lose their jobs at the plant.
Staff were told that 500 of them will lose their jobs over the next 12 months.
In a statement the company said: "In line with our previously communicated strategy, HP’s global print business is working to drive continuous efficiencies and cost savings that enable investment in new market opportunities and growth initiatives, such as 3D printing.
"As a result, we have made the decision to close our global print business at the Leixlip site. It is likely that close to 500 HP employees will be impacted and leave the business over the next 12 months.
Hewlett Packard split into two companies in 2015 – HP Inc and Hewlett-Packard Enterprise – and in October of last year, HP Inc announced plans to cut 4,000 jobs worldwide over a three-year period as part of a global restructuring plan aimed at generating gross annual savings of $200-300 million starting in 2020.