- This topic has 0 replies, 1 voice, and was last updated 11 years, 6 months ago by
.
-
Posts
-
<>HP offers some employees buyout package
Hewlett-Packard is offering a voluntary-separation package to some
employees in its imaging and printing unit through the end of the week as part
of a plan to shift employees to higher-growth areas.
The Palo Alto,Calif.-based company is trying to reduce staffing levels in
areas such as black-and-white laser printers, inkjet printer manufacturing and
single-function inkjet printers, spokeswoman Monica Sarkar said.The move is part of a restructuring plan announced in November, for which HP
took a $200 million charge. HP had spent $60 million of those restructuring funds in its last
quarter.At the same time, the company is trying to expand in areas where revenue
growth is higher, including digital entertainment, digital photography, color
office printing and digital publishing with its Indigo product line, Sarkar
said.Depending on results from the voluntary program, HP could also reassign or
lay off employees later. The buyout offer began April 1 and closes on Friday. HP
didn’t disclose details or how many employees received the offer.
- You must be logged in to reply to this topic.