H-P (HPQ) Plans 1,000+ Job Cuts in Britain
Tweet
Share
E-mailGet Alerts HPQ Hot Sheet
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HP Inc. (HPQ) call put ratio 1 call to 1.1 puts into quarter results
- Hunterbrook Capital is short bonds issued by Sammons Financial Group and short Guggenheim Strategic Opportunities Fund
- Volkswagen needs deep cuts to remain competitive, CEO says ahead of crunch talks
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
LayoffsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
