HP/Compaq Merger Official Today

Ankou writes: "Today (May 6th, 2002) marks the first day of the Hewlett Packard and Compaq merger. The finalized buyout of Compaq is expected to be done today and are expected to be working together "as a combined entity" by tomorrow. This also means a new stock symbol will replace the old HWP to the new symbol HPQ. Behind the hype this merger will cost, according resources at CNN on this article, a total loss of 15,000 more jobs with over 150,000 following the next two years. The same article details more information regarding the new merger and the recent events which have lead to today." Update: 05/06 15:03 GMT by T : Note: that job-loss figure is off; the 15,000 jobs projected to be cut are from a total of 150,000 between the two companies.

Comments

Content error

[ckaminski]

Read the article. It says:

It also will result in the loss of at least 15,000 jobs out of a combined work force of 150,000 during the next two years.

Not that 165,000 jobs will be cut....

-Chris

Wrong

[powerbarr]

15,000 jobs out of 150,000 jobs total in the company over the next two years will be eliminated. Not great but, not 150,000 jobs lost.

150,000?

[dan14807]

The article says 15,000 jobs will be cut out of a workforce of 150,000 over the next 2 years, not that 150,000 jobs will be cut. Original post wasn't that clear....

Hewlett Compaqard

[daviskw]

The heading above is mistating the facts just a little. The new HP doesn't roll out until Tuesday, May 7th. Today is the last day that Compaq is an individual.