France keeps up pressure on Hewlett-Packard jobs
Fri Sep 23, 2005 11:26 AM ET OYONNAX, France, Sept 23 (Reuters) - French Prime Minister Dominique de Villepin maintained pressure on Hewlett-Packard Co. on Friday, calling on the U.S. computer company to rethink its plan to cut 1,240 jobs in France.
The conservative government, under pressure to reduce unemployment from close to 10 percent, has scheduled a meeting with the firm's European head, Francesco Serafini, and referred its job-cut plans to the European Commission for review.
HP said in July it would axe about 10 percent of its work force to cut costs by $1.9 billion a year. The world's second-biggest computer maker has said a total of 2,500 jobs will go in Germany and Britain, in addition to the 1,240 in France.
The EU Commission has said it has no power to prevent HP dismissing workers. But France's conservative government has stepped up rhetoric over the case this week, making clear it is ready to put up a fight.
Labour Relations Minister Gerard Larcher is set to meet Serafini on Monday.
Villepin is trying to win back voters' confidence after they rejected the European Union's constitution in a referendum in May. Many French people said they voted "No" because of job concerns.
http://groups.google.com/group/misc.invest.stocks/browse_frm/thread/092953e8efbf3c54/ec3412a957baddfc#ec3412a957baddfc
RépondreSupprimerWeither report: a hurrican cat 3 is blowing through Europe, the eye is near Paris sliding to Brussel...
RépondreSupprimerIt's probably rising to cat 4 or 5 if lay offs number is maintain.
HPQ stocks could be stable until Q4 falls. Take care.
Hi,
RépondreSupprimerI had meeting with a customer last week. Purposes were also for sales, wich is not under my responsibility, but I was present.
I felt my customer very very anxious. He asked us some questions about situation and blammed HP to give no informations to customers.
I don't know what think other customers ? Does someone have any experience last week ?
HP's strategy explained :
RépondreSupprimerhttp://groups.google.com/group/misc.invest.stocks/browse_frm/thread/9a60281607af67cd/69b37a4c23ff0b4d#69b37a4c23ff0b4d
Mr M Hurd, if you are not able to listen and read what people and customer say in Europe and specially in France, the world won't come to you... Your strategy is poor, sacrifying employees without customer and quality care. Just sale your stocks options and leverage stoks with the profit of the compagny and you ll surely be rich. You are like a single kid who just enjoy a new toy...the HP company. Shame on you, mr CEO, full of compassion with Rita and Katrina but killing your own employees.
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