Global restructuring plan not country-specific: HP Inc

New Delhi: As the incoming HP Inc President and CEO Enrique Lores announced restructuring plans that will save $1 billion by the end of 2022, the company on Monday said it is a global restructuring plan and not any country or location-specific move.

HP Inc last week announced a fiscal year 2020 restructuring plan to simplify its operating model and become a more digitally-enabled company.

The company expects to reduce gross global headcount by approximately 7,000-9,000 employees through a combination of employee exits and voluntary early retirement.

“This is a global restructuring and we’re not breaking down numbers by site or location,” HP Inc said in a statement shared with IANS.