hp salary cut HP will cut employee pay up to 5 percent, including Idaho employees

hp salary cut Hewlett-Packard will cut employee pay up to 5 percent, the company said Wednesday.

HP, which employs about 3,000 people in Boise, also said it would curtail contributions to its retirement plan and stop a plan that allows workers to buy company stock at a discount, The New York Times reported.

Chief executive Mark V. Hurd's base salary will be cut 20 percent, while other executives' salaries will be cut 10 to 15 percent.

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