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Мanufacturer of US computers and printers Hewlett Packard Inc. announced a major restructuring plan. HP said it intends to cut between 7000 and 9,000 jobs out of a total 55,000, according to global agencies.
The workers will be discharged “through a combination of employee exits and voluntary early retirement.” It expects to complete the culling in the company's 2022 fiscal year, CNN reported..
The restructuring plan was presented by Enrique Lores, who will become president and CEO of the company on November 1. The plan will allow HP Inc. to adapt to their customers' new consumer habits and focus more on services. The company will also be able to sell its printers at lower prices, but then will lock them into buying ink from HP. Customers also can opt to purchase printers at a higher price that would allow them to use third-party ink cartridges, Mr. Lores said, quoted by The Wall Street Journal.
The restructuring plan will be worth $ 1 billion. The company estimates that it will be able to save $ 1 billion annually from fiscal 2022.
Job vacancy levels across Europe showed limited movement at the end of 2025, with Bulgaria remaining among the countries with the lowest rates, according to Eurostat data.
Over 2,000 jobs in Bulgaria’s coal sector have been lost amid the ongoing shift toward a low-carbon economy, CITUB President Plamen Dimitrov reported at a labor market forum focused on the energy transition
Between 2019 and 2023, Bulgaria’s industrial sector has experienced a significant contraction, with roughly 104,557 jobs lost, nearly half of them in the processing industry, amounting to almost 15% of the country’s industrial workforce
By 2030, the majority of new jobs in Bulgaria are expected to require medium and high-level qualifications, driven by the ongoing green and circular economic transition and accelerated digitalization.
The three leading telecommunications operators in Bulgaria inject more than 640 million BGN (≈327 million EUR) annually into the development of networks and services
Danish pharmaceutical giant Novo Nordisk has announced one of the largest workforce reductions in its history, cutting a total of 9,000 positions worldwide
Dr. Boyko Takov: Analytical and empirical results from ongoing projects constitute a solid information base
Up to 90 percent of construction and renovation workers in Bulgaria are operating outside the legal framework, according to entrepreneur Lozan Lozanov, who raised concerns about the lack of regulation in construction and installation services
The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
Mobile slot gaming has exploded in popularity, and it’s easy to see why.
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Boris Azarenko is an entrepreneur whose professional background lies in banking and finance and who later founded major property development businesses.
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