TECHNOLOGY & TELECOMMUNICATIONS

HP to Cut Jobs, Consolidate Medical Unit: Palo Alto-based Hewlett-Packard Co. said it will cut 250 jobs as it consolidates product lines and abolishes divisions in a restructuring of its medical products group. The company said it expects to incur restructuring costs in the first and second quarters of 1997, but those costs “will not be materially significant,” it said. The company will consolidate its heart defibrillator and electrocardiograph product lines in McMinnville, Ore., into its resuscitation division in Andover, Mass. Of the 152 employees affected, 100 will be offered new jobs in the resuscitation division.