EMCC European Monitoring Centre on Change

HP - Compaq

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.