HP TO CUT 6,000 EUROPEAN JOBS

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HP TO CUT 6,000 EUROPEAN JOBS

 user 2005-09-12 at 11:18:00 am Views: 61
  • #12684

    Hewlett-Packard to Cut 6,000 European Jobs
    (Sept.05) -
    Hewlett-Packard Co. told union leaders Monday it plans to cut a total
    of 6,000 jobs across Europe, including 1,240 French jobs, a trade union
    official said.
            
    Fabrice Breton of the Christian CFTC trade union said executives at the
    computer and printer maker confirmed the cuts in a meeting with staff
    representatives earlier Monday.

    “Management confirmed the 1,240 (French) job cuts during the meeting
    but did not specify the sites concerned,” Breton said in a telephone
    interview.

    Chief Executive Mark Hurd announced plans in July to cut 14,500 jobs
    and overhaul HP’s retirement plan in a restructuring designed to save
    $1.9 billion a year and help the company become more competitive
    against formidable rivals.

    HP has been squeezed between two formidable competitors: International
    Business Machines Corp. and its strong consulting team at the high end
    of the market, and PC maker Dell Inc. at the low-cost end.

    No one was immediately available at HP’s French headquarters to comment on the job-cuts announcement.

    French Deputy Labor Minister Gerard Larcher said Saturday he had asked
    for a meeting with HP executives to discuss the layoffs, widely
    reported in the French press over the weekend.