SAN FRANCISCO — Hewlett-Packard is planning to cut about 30,000 jobs to save money that it wants to spend on product development and sales, according to company officials familiar with the plan.
The U.S. Postal Service announced on Thursday it's moving forward with a $2.1 billion cost-savings plan to consolidate postal plants over the next two years, with consolidations starting in July.
The cuts will be limited in 2012, with 48 plants slated to be consolidated or closed in July and August, which will only impact 5,000 employees. However, when the plan is fully implemented at the end of 2014, 229 plants will be consolidated or closed and 28,000 jobs will be gone.
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