Compaq axes 1000 jobs
First round of 17,000-redundancy scheme
Compaq made 1000 workers at its Houston assembly plant redundant yesterday. The cuts are part of Compaq's streamlining operation following its acquisition of Digital, and an attempt to rationalise generally its manufacturing system. The move is the first stage of the company's plan to cut a total of 17,000 jobs, 5000 of them in manufacturing, announced in June. Of the latter, 600 will come from its Marlboro, Massachusetts plant and the remaing 3400 from international operations. ® Click for more stories
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