Company/Organisation:
HP - Compaq
Geographic Location
Country:
World
Company
Sector:
Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed:
150000
Employment Effects
Announcement Date:
10-05-2002
Planned Job Reductions min:
15000
Planned Job Reductions max:
15000
Type of Restructuring:
Merger/Acquisition
Foreseen End Date:
01-12-2003
Additional Information
Following its acquisition of Compaq Computer, HP expects to cut 10,000 jobs by November 02 and another 5,000 jobs the next year.
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