Type
Merger/Acquisition
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
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.


Sources

Citation

Eurofound (2002), HP - Compaq, Merger/Acquisition in World, factsheet number 59411, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59411.