HP - Compaq

Type
Merger/Acquisition
Country
World
Region
Location of affected unit(s)
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
15,000 jobs
Number of planned job losses
Job loss
Announcement Date
10 May 2002
Employment effect (start)
Foreseen end date
1 December 2003

Description

Following its acquisition of Compaq Computer, HP expects to cut 10,000 jobs by November 02 and another 5,000 jobs the next year.

Citation

Eurofound (2002), HP - Compaq, Merger/Acquisition in World, factsheet number 59411, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59411.