H-P (HPQ) Plans 1,000+ Job Cuts in Britain
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Price: $24.77 +2.27%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.8%
EPS Growth %: -12.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.8%
EPS Growth %: -12.0%
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Hewlett-Packard's (NYSE: HPQ) effort to
Reuters noted Wednesday that H-P is planning to cut 1,124 jobs in the U.K., which will start at the beginning of 2014. Data comes from Britain's Unite union.
Unite said managers are still outlining plans to trim positions at locations which include Warrington, Sheffield, and Bracknell.
Falling demand was a key issue behind the move, H-P was said to tell Unite.
Shares of H-P are positive in early Wednesday trading.
right-sizethe company is still on track.
Reuters noted Wednesday that H-P is planning to cut 1,124 jobs in the U.K., which will start at the beginning of 2014. Data comes from Britain's Unite union.
Unite said managers are still outlining plans to trim positions at locations which include Warrington, Sheffield, and Bracknell.
Falling demand was a key issue behind the move, H-P was said to tell Unite.
Shares of H-P are positive in early Wednesday trading.
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