📅 - US computer and server equipment manufacturer Hewlett-Packard Co. (hp.com) is reportedly finalizing its plans to eliminate 1,580 jobs in Britain, more than 20 percent of the company's workforce in that country.
The cuts are a part of a larger group of 15,000 positions being eliminated by the company following Hewlett-Packard's acquisition of Compaq Computer Corp. several months ago. HP employs 150,000 people around the world, with approximately 7,600 of those in Britain. Among the jobs to be cut are 450 permanent positions and 180 temporary jobs at the former Compaq plant at Erskine near Glasgow in Scotland. The plant will continue to operate, and continue to employ about 900 people. The rest of the cuts are set to take place at sites in London and Reading in southern England and Livingston in Scotland. HP said on Thursday that the company would consult with representatives for the workers before making the cuts.
Reads: 1861 | Category: General | Source: TheWHIR : Web Host Industry Reviews URL source: http://www.thewhir.com/marketwatch/hp070502.cfm Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!
Other news
📅 - Stratecast Predicts Bankruptcy for WorldCom - In a new report, Stratecast Partners (stratecast.com) assesses and forecasts the impact of the recent crises at WorldCom and Qwest. The report focuses on how recent events at the two respective telecom giants will result in material shifts in the service provider market shares of large business customers. Interpretation from the perspectives of AT&T, Sprint, Cable & Wireless, Equant, BellSouth, SBC, and Verizon is included in the report. "Stratecast expects that it will be exceedingly difficult for WorldCom to continue as a going concern in its current form, and we believe it is likely that WorldCom will be compelled to seek bankruptcy protection with hopes of restru
📅 - Symantec Experts to Host Internet Security Sessions - Internet security solution provider Symantec Corp. (symantec.com) announced on Wednesday that two of its executives will discuss Internet security at the Information Systems Audit and Control Association (ISACA) International Conference in New York. Symantec Security Response senior product manager Dee Liebenstein will present "New Information Security Threat," from 11:00 a.m. to 12:30 p.m. on Monday, July 8. She will explore the nature of today's blended threats, computer worms and viruses and how the threats might evolve in the future, as well as addressing the need for comprehensive security solutions to protect computer systems from future attacks. Vice
📅 - OnSmart to Launch Hosting Operations - New hosting provider OnSmart Network Inc. (OnSmart.net👉 Total Reviews: 27 🙌 Average Rating: 2 / 10 👍 Good Reviews: 5 👎 Bad Reviews: 22 👈 Official Responses: 0 -> temok.com) announced on Thursday that it will launch its services on July 5, offering customers virtual environments, an advanced form of the popular virtual private server. OnSmart says it will deploy the HSPcomplete solution for the management of its Virtuozzo-based Linux servers, offering customers a capacity similar to that of a dedicated server, at a significant cost savings. OnSmart says the new technology is more efficient and reliable than other partitioning technology. "We can provide our customers with the powerful capabilities they want at much lower prices, while we reduce our admin costs and overhead
📅 - Former WorldCom Execs to Testify at Hearing - Former WorldCom CEO Bernard Ebbers and former chief financial officer Scott Sullivan have been subpoenaed to testify at a House Financial Services Committee meeting at 1 pm on Monday. The company's current CEO John Sidgmore and chairman Bert Roberts are also expected to answer questions, along with Salomon Smith Barney telecom analyst Jack Grubman. The hearing comes shortly after several members of congress said confidence in American corporations has been shaken by the scandals at Enron and Global Crossing, as well as at WorldCom. The Congress members said investor confidence would likely come back when major corporate leaders were indicted. A
📅 - TELUS Directors Affirm Support for CEO - In response to a call by the Telecommunications Workers Union for the resignation of TELUS president and CEO Darren Entwistle and other executives, the company's board of directors issued a statement on Sunday affirming its support for its executive team. "We fully and completely support Darren Entwistle and the direction he has set for TELUS and we are deeply concerned that the actions of the TWU are having a negative impact on the company," said Brian Canfield, Chairman of the Canadian telecommunications company. The company's board also said it remains supportive of management's efforts to negotiate a new collective agreement with the TWU, reflecting the
📅 - Qwest Announces Changes to Senior Management - Troubled telecommunications carrier Qwest Communications International Inc. (Qwest.com👉 Total Reviews: 1 🙌 Average Rating: 1 / 10 👍 Good Reviews: 0 👎 Bad Reviews: 1 👈 Official Responses: 0 -> lumen.com) announced on Sunday that its new chairman and CEO, Richard C. Notebart, has made organizational changes and recruited three new senior executives as part of his plan to refocus the company's business. According to Qwest, Oren G. Shaffer will join the company as vice chairman and chief financial officer. An experienced senior finance executive, Shaffer was CFO of Ameritech from 1994 to 2000 after 25 years at Goodyear, where he was CFO and a member of the board of directors. Shaffer will assumes the CFO role from Robin R. Szeliga, who remains with the company as senior vice president,
📅 - 
📅 - 
📅 -