For 2009 no wage hike and no hiring in Hewlett-Packard (H-P)

In its bid to tide over the impact of the global financial crisis, H-P rules out wage hike, hiring for 2009.

In Indian context H-P (including MphasiS) is likely to retain approximately 60,000 employees in its payroll. So there’ll be jobs cut in India too.

Recent developments at H-P:

Has foretold that it is going to axe 24,600 jobs-- about 8 per cent of its 320,000 work force; globally.

The idea is to save more than $1 billion a year
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