Wednesday, March 18, 2009
Hewlett-Packard said it will cut the base salaries of some employees in its EDS business by 10 percent for the month of April.
The salary cut impacts only EDS workers based in the United States and Puerto Rico and will not affect those making less than $40,000.
A company spokeswoman said in a statement via email that the move is a "temporary cost action to keep the organization strong while increasing financial flexibility."
HP Chief Executive Mark Hurd has stressed the company's commitment to lowering costs.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
