...are we the only ones that will be "penalized" for the natural disasters? I don't want to be an --- and directly mention our Caribbean partners, but I feel all of this is very unfair. Relocating operations will result in a lot of people being forced out, as not everyone will be able to relocate or change their commutes. The natural disasters in Houston were just the perfect excuse to get rid of a lot of old timers...
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Both Sites should be closed. Egos are too high on both sides. We don't need people like that.
HPE Next will reduce the number of manufacturing locations from 17 to 7 in a 3-year time-frame. I can guarantee you that the Puerto Rico Site will be one of those 7. It is written in stone already -
regardless of the final outcome of the tax reform. Note that I'm only referring to their "real" manufacturing operations. They will be hit - as everyone else - in any other groups/roles not directly related to the minimum number of employees required to support those local operations. Their NA & EMEA Control Towers will be especially vulnerable, as the labor costs in other Countries have become much more attractive - and the skillset in those locations are not an issue anymore. I know really well what I'm saying, as I'm directly involved in those conversations...
Keep in mind that HPE Next will eliminate 3 out of 4 current positions within HPE in a 3 years time-frame. No one will be "safe". Just look around you and the number of Directors, Senior Directors, and VPs that "were let go" in the Bay Area with their last day being this past Friday. You have seen nothing yet on how brutal this will be executed starting early next year...
Houston vs. Puerto Rico... The never-ending feud of the egos. Don't waste your time fighting over HPE Sites that won't exist in 2-3 years...
Never underestimate the power of our "ay bendito" in Puerto Rico... hahaha Get over it, guys. We will continue to exist, and if we get an exception from the tax reform, Puerto Rico will be even more attractive to do business here. Think about it... The Island is already a hot topic for Trump in the News, and not providing alternatives will damage even more his public image. Add to that our big migration wave to Florida after the hurricane (key swing State for the Presidential elections), and it's not difficult to realize that "concessions" will be provided to the Island. Who knows... It might make more sense for you to move here and get some job security and stability than staying there in the State badmouthing us. Really... Stop the whining and get over it! We are all one HPE, don't we?
But if'n we let Puerto Rico become a steak, then...
Next thing you know, they'll want to be a baked potato, too!
It's time for Puerto Rico to be treated with the same tax rules as any other State. Mid/long term it will benefit them, and will level-off the playground of competitiveness for the rest of the States (no more unfair tax haven treatment). It's not my fault is their logistics and cost of utilities is expensive there. Not my problem... They just need to figure out how to stay competitive - as any other State need to do. It would probably make sense to give them a transition period of 3 to 5 years, and then equal financial conditions for everyone.
If they start complaining about not having equal benefits in other programs, then formally request the Statehood and let's see what happens. They are US Citizens, so they have the right to pursue it. There's NO REASON they should have special financial incentives not available to the other States. If you guys are as good and competitive as you say you are, well... Let's bid for business under the same terms. I'm not discriminating here. I just ask for true equality... for everyone.
Where Puerto Rico Went Wrong
"A government, run by a succession of politicians, spent frivolously for decades and repeatedly ignored all the warning signs of looming fiscal disaster, and now that it has arrived, is begging for a bailout. No, I'm not talking about Greece. This time, it's Puerto Rico. And the Republican-controlled Congress is seriously considering a bailout."
To be fair, the 1930s era "Jones Act" ( a favor to USA mariners) says that ship cargo from a USA source to a USA destination MUST be carried by an American-flagged vessel, at American wages. This law (still in place) jacks up the costs of living in Puerto Rico, Alaska, Hawaii, etc. In Hawaii, for example, because of this law, they buy beef from Argentina, not the USA. Added shipping costs to American beef is too much. American beef farmers get hurt,
Whenever government favors one business or group of people, other Americans are hurt. No free lunches to be had here...
Good luck with all of your politicians, Puerto Rico!
In Puerto Rico, those jobs are the only ones which pay well. If this happens, the people will move to the US or be transfered. Favorite states: Florida and Texas.
What's FAIR got to do with it?
Well... Nothing against our Puerto Rican peers, but the truth is that even though they are a US Territory (and locals are born US Citizens), they have gotten a ridiculous preferential tax status for way too many years - and it was time for things to level off. I am not a Republican, and even less a Trump supporter, but I have to say it was long overdue giving incentives for manufacturing jobs to come back - and stay - in the States.
If the GOP tax bill passes the Senate without modifications, both HPI and HPE will close operations in Puerto Rico in a 2 years time frame (and a lot of other manufacturers in other Industries as well). Add to that their energy costs, their expensive air & ocean logistics, and their vulnerability with natural disasters (hurricanes & earthquakes), and its a no-brainer visualizing their final manufacturing demise.
Chippingaway Falls is a LONG from Houston. They would have to offer you a BIG severance. I mean it's just not FAIR! If it's more than 75 miles, they HAVE to give you the WFR, it's on the web page somewhere, right.
No, Meggot you've gone to yet another new low. Come on, be a sport! Read your own plan, "why are we fighting..." . Good Luck to All!
Ummm... moving it is a huge motivator for reducing headcount. Can't move.. no problem.. here is your termination papers.. ohhh by the way, if you don't accept the job elsewhere.. no severance.. nada nothing...
Federal Income tax isn't the real issue for companies. State and local is the real issue. School and property are hefty.
It is interesting that 2 floods of the millennium are enough of an excuse to leave Houston area manufacutring, but HPE will gladly stare down category 5 hurricanes hitting Puerto Rico EVERY year.
Houston is getting hit pretty hard because the address is "Compaq Center Drive W". Look at how many visitors come to the campus, to do business with either HP Inc or Hewlett Packard Enterprise and drive from Bush Intercontinental Airport to Compaq Center Drive? If the address was Meg Whitman Dr we wouldn't have been affected or moved. The Compaq campus was paid off long ago and the buildings and facilities are very good. How many times has Meg come to visit us at either HPE or HPQ and cheer on the troops? Very few. She is cutting off her nose to spite her face. With a diminished Enterprise Group in Houston the revenue will drop considerably. How many companies has Meg bought that actually paid off. She's chasing rainbows. Best wishes to all employees. YOU are the IP.
my bad ... I posted the below comment in the wrong thread. Those comments do not belong in this thread.
People come to this site to express their grievances and empathize with others with similar stories and to gain information about ongoing/upcoming layoffs. I do not understand why some a--holes, such as the last poster, visit this site to denigrate the vast majority of good people who participate in the discussions in this blog.
Get another job like everyone else. You all complain about the company then whine when you can’t work there anymore. Pathetic.
You should be happy you lasted this long, thanks to Carly ruining HP with the Compaq merger, otherwise you guys would been laid off 10 years ago when Compaq inevitably went under.
The hoodlums at GE led by their scheming CEO Welch managed to pay 0% Tax when they were still making a ton of profit in the last decade. Companies know how to game the system regardless of the Tax policy. The only thing Trump Tax plan does is make looting effortless for companies.
Don't repeat the Republican myth that US corporations actually pay that 35% tax. Big corps in the United States pay the lowest effective taxes of any developed nation in the world. The woes of HPE can be traced to poor management and bad luck, simple as that. The cult of business school CEOs in this country has led to a corporate culture where layoffs are considered a great thing by the Wall Street parasites who think they own the economy. Meg is just the latest in a long line of overpaid bunglers.
Houston vs. Puerto Rico - Round 12. The always pathetic never-ending distraction. Go back to work, you slaves!! (Lol)
Reducing corporate taxes in the USA would help... Its not all Meggot's fault or the fault of flooding and other "acts of nature". It can also be blamed on government policies. Why should HPE volunteer to pay 35% of its profits to the feds, which is the highest rate on the planet, among developed nations? When productivity gets punished with higher taxes, productivity flees to where productivity is better rewarded, not punished.
Tax The Meggot's income more, and corporations less, would make sense to me! And HAMMER those hedge fund managers, who pay lower rates than we worker bees do!
Write to your congresscritters, but please do NOT be disappointed if they don't listen to you... Unless you perhaps can make LARGE campaign contributions?
The OP has a good point... All of us in HPE are equal, but some are more equal than others...
I'm the OP.... I'm not "blaming" you. I'm just expressing my frustration. No need for the drama.
Again?? Oh, please.... get over it. As long as we continue to be a tax haven in this "Caribbean location", we'll exist here. It's not our fault that those tax benefits exist here. We have nothing to do with the relocations in Houston. We don't actively and purposely seek for people in Houston to be laid off for the roles to be moved here. They simply do costs analysis and determine where the roles should be located based on their strategies. Please, stop mentioning or blaming us for anything that happens in Houston...