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Breaking HPQ to eliminate 9000 jobs..........

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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-10 06:40 AM
Original message
Breaking HPQ to eliminate 9000 jobs..........
Edited on Tue Jun-01-10 06:58 AM by Joanne98
7:33aBREAKING

HP to eliminate 9,000 jobs and take $1 bln charge

http://www.marketwatch.com/

NEW YORK (MarketWatch) -- HP /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 46.01, -0.93, -1.98%) said Tuesday that it plans to spend a $1 billion to automate its commercial data centers. As a result the company plans to eliminate about 9,000 jobs over a multiyear period. Once completed, this transformation is expected to generate annualized gross savings of approximately $1 billion and net savings after reinvestment in a range between $500 million and $700 million, the company said.

http://www.marketwatch.com/story/hp-to-cut-9000-jobs-take-1-billion-charge-2010-06-01
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CJCRANE Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-10 06:51 AM
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1. Check your title - I think you mean *H*P (Hewlett Packard). nt
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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-10 06:52 AM
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2. HP....Hewlett Packard, not BP
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-10 06:53 AM
Response to Original message
3. Wrong headline.
NOT BP..it is HP....
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-10 06:59 AM
Response to Original message
4. Thanks. I'm still asleep.

:donut:
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SocialistLez Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-10 08:54 AM
Response to Original message
5. Interesting. They just opened a call center here in AR.
Not good news AT ALL.

They received all sorts of tax breaks and giveaways. I can't say I am all that surprised.

9000 jobs is quite a bit.
We need them to be ADDING 9000 jobs. Fuckers.
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SocialistLez Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-10 10:33 AM
Response to Original message
6. On Yahoo! there are lots of people blaming Obama. ::sigh::
I am not a big Obama fan by any measure but blaming him for this just reeks of stupidity.
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