Feb 18 (Reuters) - Hewlett-Packard Co:
* CEO says at end of Q1 co has removed more than 9,000 of 24,700 headcount
outlined in restructuring plan
* CFO says co in Q2 will continue to take actions to create more 'variable cost
structure'
* CFO says actions include reducing base pay and some benefits across company
starting in Q2.
* CFO says expects further reduction in inventory levels to adjust to softer
demand COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* CEO says at end of Q1 co has removed more than 9,000 of 24,700 headcount
outlined in restructuring plan
* CFO says co in Q2 will continue to take actions to create more 'variable cost
structure'
* CFO says actions include reducing base pay and some benefits across company
starting in Q2.
* CFO says expects further reduction in inventory levels to adjust to softer
demand COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.