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 user 2010-03-08 at 1:28:32 pm Views: 54
  • #23635
    HP workers begin two-day strike
    Members of the Public and Commercial
    Services (PCS) union began a 48-hour strike at HP today over a dispute
    over job security and payThe strike action affects work at the
    Department for Work and Pensions, the Ministry of Defence, and car
    manufacturer Vauxhall. Industrial action was also taking place at HP
    locations in Washington, near Newcastle, and Preston and Blackpool, the
    PCS said.

    The dispute centres on pay freezes, as well as on the
    3,400 EDS staff who have been made redundant since HP took over the
    company in 2008, and the 1,000 job losses planned for the first half of
    the year.The strikes are taking place as non-IT workers in the civil
    service, also in the PCS union, stage a simultaneous high profile series
    of strikes affecting a range of services. Additionally, there are more
    than 20 rallies taking place.

    Jim Hanson, national officer at
    PCS, was at the picket line at HP’s office in Newcastle, where 25 people
    were demonstrating. “The car park is looking somewhat empty, so we’ve
    had a good day,” he said.”There was also a successful demonstration
    between 7.30am and 9.30am outside HP’s headquarters in central
    London.”On Friday, HP insisted it was ready for the strikes. A
    spokesperson said: “In cooperation with our clients, we have put
    together a plan to mitigate the impact of the two-day
    action.”Registration is free, and gives you full access to our extensive
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    sends the latest news, reviews & analysis direct to your desktop!
    Add to NetvibesThe dispute between PCS and HP has been going on since
    December 2009, when HP narrowly avoided a strike by union members by
    agreeing to sit down to talks at the eleventh hour.After a one-day
    strike in January, Hanson said the union had had a couple of meetings
    with the mediation organisation Advisory, Conciliation and Arbitration
    Service (ACAS), but that HP “wasn’t willing to move far enough.”
    Legal charges trim HP profit
    NEW YORK – Hewlett-Packard revised its first-quarter net
    income down by $73 million on Friday, thanks to charges for litigation
    involving a company that the computer giant acquired in 2008.Net income
    for the quarter ended Jan. 31 has been revised to $2.59 billion, or
    $1.07 a share, excluding one-time charges — down from the $2.67
    billion, or $1.10 per share, HP (HP) previously reported on Feb 17. On a
    GAAP basis, HP is now reporting earnings of $2.25 billion, down from
    the $2.32 billion previously reported.”The revision is unrelated to HP’s
    strong business performance in the first quarter,” a company
    spokeswoman told CNNMoney.In 2004, Sky Subscribers Services Limited and
    British Sky Broadcasting Limited filed a lawsuit in the United Kingdom
    against technology services company Electronic Data Systems (EDS). HP
    acquired EDS in August 2008.The 2004 suit relates to a “customer
    relationship management project” that EDS was awarded in 2000, according
    to HP’s press release.At a March 1 court hearing, EDS was ordered to
    pay BSkyB 70 million British pounds, or about $112 million. That’s in
    addition to another payment of $320 million HP made to BSkyB in February

    Accounting rules required HP to increase the reserves it
    has set aside to absorb the litigation’s cost.The March 1 payment order
    followed a January court decision that dismissed most of BSkyB’s claims
    against EDS but found the company liable in some areas. HP said it is
    seeking permission to appeal the court’s ruling.The company did not
    provide updated guidance for its second fiscal quarter or the remainder
    of 2010.