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Corvallis HP workers weigh buyout

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Friday, June 08, 2012

Hundreds of Hewlett-Packard employees in Corvallis are weighing buyouts before the company slashes 8% of its worldwide work force.

As with a similar program offered in 2007, eligibility is determined through a point system based on age and years of service. Workers need at least 65 points to qualify.

But they have to make up their minds quickly. HP employees have until June 22 to decide whether to take the early retirement package or stay on and hope they don’t lose their jobs in the layoffs to follow.

Read more at The Corvallis Gazette-Times.

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