*NEWS*HP DENIES STATE SUPPORT FROM FRANCE

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*NEWS*HP DENIES STATE SUPPORT FROM FRANCE

 user 2005-09-28 at 12:27:00 pm Views: 54
  • #12966

    HP denies state support from France

    September2005 – Palo
    Alto (CA): Hewlett-Packard  has denied French claims that it was
    provided with state subsidies worth an €1.2 million ($1.46 million) to
    create jobs.
    Following HP’s announced plans to slash 1,240 jobs in France, French
    Prime Minister Dominque de Villepin has led demands for HP to repay any
    subsidies it received for setting up in the country.
    Patrick Starck, HP France president, said the company had not received
    any money and that it had paid over €700 million in taxes in the last
    decade.
    “I can only repeat: HP has never received any subsidies for creating jobs,” he reiterated.