HP Cutting 850 Jobs, Closing German Plant: Hewlett Packard announced on Friday that the Russelsheim, Germany plant will be closing in October with the loss of 850 jobs. The closing and subsequent job losses are a part of a worldwide cutback of 8% of the company's workforce.
"While some of these actions are difficult because they involve the loss of jobs, they are necessary to improve execution and to fund the long-term health of the company."
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