Hewlett-Packard Co., the world’s largest printermaker, said about 3,200 employees in the U.S. accepted retirement packages as part of the company’s plans to eliminate 10 percent of its workforce.
The early-retirement deal offered to workers in late July will result in a $400 million expense this quarter, Palo Alto, Calif.-based Hewlett-Packard said Thursday in a filing with the Securities and Exchange Commission.
Chief executive Mark Hurd said July 19 that the company will eliminate 14,500 employees to save $1.9 billion a year. U.S. workers had until Aug. 19 to take the retirement deal.
Now that the program is closed, the company will “develop and approve plans” to cut remaining workers starting this quarter, the filing said.
In Colorado, the company has 5,400 workers, mostly in research labs in Fort Collins, Loveland and Colorado Springs.
