H-P (HPQ) Plans 1,000+ Job Cuts in Britain
Tweet
Share
E-mailGet Alerts HPQ Hot Sheet
Price: $32.15 --0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.8%
Revenue Growth %: +5.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.8%
Revenue Growth %: +5.8%
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 Brings Premium PC Experiences to More Consumers
- Porsche CEO defends shift back to petrol amid EV concerns
- Foghorn Therapeutics (FHTX) PT Lowered to $5 at Stifel
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!
