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H-P ASKS WORKERS FOR PAY CUTS

Computer and printer giant Hewlett-Packard Co. has asked its 45,000 U.S. employees to take pay cuts or use additional vacation days in an effort to trim costs.

According to a memo, employees have three choices: a 10 percent pay cut, eight additional paid vacation days, or a 5 percent cut and four additional vacation days. The program is not mandatory.

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