HP - Compaq

Type
Merger/Acquisition
Country
Belgium
Region
Location of affected unit(s)
Woluwé Saint Lambert (Région de Bruxelles Capitale), Evere (Région de Bruxelles Capitale)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
165 jobs
Number of planned job losses
Job loss
Announcement Date
26 July 2002
Employment effect (start)
Foreseen end date

Description

165 job losses in Belgium due to merge between HP and Compaq. Globaly, 15000 over 150000 jobs will be cut all over the World (10% of the working force).

Citation

Eurofound (2002), HP - Compaq, Merger/Acquisition in Belgium, factsheet number 59208, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59208.