Full Version: HP to cut 24,600 jobs - 1/2 in USA
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H-P to cut 24,600 jobs as part of EDS acquisition
By Rex Crum
Last update: 4:45 p.m. EDT Sept. 15, 2008
SAN FRANCISCO (MarketWatch) -- Hewlett-Packard Co. (HPQ:
Hewlett-Packard Co.
HPQ 45.33, -1.64, -3.5%) on Monday said it would cut 24,600 jobs as part of its acquisition of Electronic Data Systems. The job cuts amount to about 7.5% of the combined company's total workforce. H-P also said it would take a one-time charge of $1.7 billion in its fiscal fourth quarter related to integrating EDS' operations, and that it expects the restructuring to result in annual cost savings of $1.8 billion. H-P shares fell $1.64 Monday to close at $45.33. End of Story
QUOTE(NiteOwl @ Sep 15 2008, 05:35 PM) 
H-P to cut 24,600 jobs as part of EDS acquisition
By Rex Crum
Last update: 4:45 p.m. EDT Sept. 15, 2008
SAN FRANCISCO (MarketWatch) -- Hewlett-Packard Co. (HPQ:
Hewlett-Packard Co.
HPQ 45.33, -1.64, -3.5%) on Monday said it would cut 24,600 jobs as part of its acquisition of Electronic Data Systems. The job cuts amount to about 7.5% of the combined company's total workforce. H-P also said it would take a one-time charge of $1.7 billion in its fiscal fourth quarter related to integrating EDS' operations, and that it expects the restructuring to result in annual cost savings of $1.8 billion. H-P shares fell $1.64 Monday to close at $45.33. End of Story
By Rex Crum
Last update: 4:45 p.m. EDT Sept. 15, 2008
SAN FRANCISCO (MarketWatch) -- Hewlett-Packard Co. (HPQ:
Hewlett-Packard Co.
HPQ 45.33, -1.64, -3.5%) on Monday said it would cut 24,600 jobs as part of its acquisition of Electronic Data Systems. The job cuts amount to about 7.5% of the combined company's total workforce. H-P also said it would take a one-time charge of $1.7 billion in its fiscal fourth quarter related to integrating EDS' operations, and that it expects the restructuring to result in annual cost savings of $1.8 billion. H-P shares fell $1.64 Monday to close at $45.33. End of Story
Hmmmm......maybe the remnants of Carly Fiorini's control are still in effect??
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