Saturday September 10, 2005 
Saturday September 10, 2005
U.S. computer giant Hewlett-Packard will shed 6,000 jobs in Europe with more than half the cuts in France, Germany and Britain, a union official said on Friday. The group has a total of around 151,000 employees. The news emerged as European finance ministers were meeting in Manchester, England, where Britain's Gordon Brown urged action to make Europe a "high growth, low unemployment" area instead of a continent plagued by low growth and high unemployment.
Hewlett-Packard said in July it would slash about 10 percent of its work force in a sweeping move by new Chief Executive Mark Hurd to cut costs by $1.9 billion a year and compete better in cutthroat computer and printer markets. The cuts are the biggest since former CEO Carly Fiorina slashed roughly 15,000 jobs after HP's $19 billion acquisition of rival Compaq Computer in May 2002.
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(2005-09-10 00:33:41 SGT)
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