H-P implements moves to prevent further layoffs

Article Abstract:

Hewlett-Packard Co. is asking employees to accept pay cuts or to use up their accumulated vacation time as the company attempts to avoid further layoffs. The employees are being asked to accept a pay cut of up to 10% over the next four months.

Electronic Computer Manufacturing, Computers & Auxiliary Equip, Compensation and benefits, HWP, Workers

---

H-P plans changes, but without a shift in strategy

Article Abstract:

Under the direction of recently appointed chief executive officer Mark Hurd, Hewlett-Packard Co. is planning to cut 10% of its global workforce, reduce the cost of its pension plan, and reorganize the structure of its sales force. The Palo Alto, California-based computer and printer manufacturer is hoping that the changes will help it eliminate the slow growth and high cost structure that have been impeding its competitiveness for the past several years .

Management dynamics, Executive changes & profiles, Management, Officials and employees, Company business management, HPQ, Hurd, Mark

---

Lenovo to cut about 1,000 jobs, aims to save $250 million yearly

Article Abstract:

Lenovo Group Ltd. of the United States is to streamline operations by cutting 1,000 jobs. The computer company is projecting savings of $250 million annually with the restructuring. Lenovo Group Ltd. is one of the largest makers of personal computers worldwide.

China, Foreign operations, Company overview, Lenovo Group Ltd.

Similar abstracts:

• Abstracts: Intel to sell mobile-chip business to Marvell in $600 million deal. Marvell to buy Israel's Galileo in stock deal
• Abstracts: BT to go ahead with plan to issue 8 billion euros of shares. Eurobond market awaits Telecom Italia offering
• Abstracts: Agere Systems will cut staff by 24% and record a charge of $900 million. AMD beat estimates for 3rd quarter
• Abstracts: Roche swung to loss for 2002, cites heavy litigation charges. Serono reported a 14% jump in sales for the first quarter
• Abstracts: Unions are willing to accept cutting 3,500 jobs at Alitalia. Swissair cost cuts to include layoffs

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.