Hewlett Packard has cut 1,000 jobs in the wake of financial returns which disappointed Wall Street, as reported here earlier.
HP said it would eliminate 1.000 jobs at its Vancouver, Washington plant, turning the production of inkjet printers over to contractors.
Last month, the company announced plans to close a printed-circuit assembly operation in the same location, cutting 200 jobs. Currently, 3000 people work at the Vancouver plant.
In a statement, HP chairman, president and CEO Lew Platt said it was "a solid start to the year". Platt warned about the potential future impact of the economic situation in Asia. But this warning was accompanied by a commitment to controlling costs.
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