by winston » Tue Sep 11, 2012 8:38 am
not vested
HP expands lay-off plan to cover 29,000 people
HP, the world's largest personal computer manufacturer, announced its decision to expand its lay-off plan to cover up to 29,000 people.
Earlier, HP expected to cut 27,000 jobs. The plan will end in 2014 and HP will set aside US$3.7 billion for the reorganization.
In May, HP said it would offload employees in order to save US$3.5 billion every year.
Certain staff working for data management center and providing information technology consultancy services are those affected.
HP closed at $17.43 in New York.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"