JOB CUTS AT HP
Tech giant to eliminate 24,500 over three years
Palo Alto-based Hewlett-Packard will eliminate 24,500 employees from its work force, or more than 7 percent, over the next three years as it takes on Plano, Texas-based technology firm EDS, officials announced Monday.
But what that means for Hewlett-Packard's Roseville plant and its other Sacramento-area sites remains unclear.
Hewlett-Packard officials would not say which of the company's locations would be affected, saying only that job cuts would come from what they called "natural duplicated functions" in a variety of areas, including human resources, procurement, accounting and legal affairs.
Hewlett-Packard officials declined to state how many are employed at its Roseville site and sites in Sacramento, Lincoln and Rocklin.
– Darrell Smith
CONTRACTOR STING
20 arrested in Yuba City in licensing crackdown
A seven-city sting operation against unlicensed contractors netted 110 arrests last week, including 20 in Yuba City, the Contractors State License Board said Monday.
Spokeswoman Pamela Mares said investigators arrested 18 unlicensed contractors in Yuba City and two more at the site for driving with a suspended license and having an outstanding warrant.
Members of the board's Statewide Investigative Fraud Team posed as homeowners and invited bids on home construction. By law, contractors must be licensed to bid on jobs costing more than $500.
The CSLB advises homeowners to be wary of people offering services door to door, and to verify licenses online at www.cslb.ca.gov or at (800) 321-CSLB (2752).
NEWSPAPER WANTED
Investors explore deal in San Luis Obispo
A group of San Luis Obispo investors is interested in buying The McClatchy Co.'s newspaper there.
The group's lawyer, James Duenow, said Monday his clients want the Tribune of San Luis Obispo in local hands. But Duenow, who wouldn't identify his clients, acknowledged his group's interest is very preliminary. The investors have just begun asking McClatchy officials about the paper.
"It may never get out of the talking stages," he said.
McClatchy Treasurer Elaine Lintecum declined comment.
Duenow said his client wants to "take advantage" of McClatchy's financial troubles. The Sacramento publisher, which owns The Bee, has struggled with steep declines in profits and revenue, along with the rest of the newspaper industry.
McClatchy stock closed Monday at $3.38, down 26 cents, on the New York Stock Exchange.
The Tribune, one of the smallest papers in the chain, was among the papers acquired by McClatchy in its 2006 purchase of Knight Ridder Inc. Its revenue last year came to $26.4 million out of total company revenue of $2.26 billion.
– Dale Kasler
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