Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

At A New Behemoth, Blood On The Floor


In Business This Week

AT A NEW BEHEMOTH, BLOOD ON THE FLOOR

MERGE AND PURGE? DIGITAL EQUIPMENT shareholders will vote June 11 on a $8.5 billion combination with Compaq Computer. If approved, the two will form a $38 billion behemoth selling everything from handheld PCs to technical services. What the new giant won't offer is job security: After the merger, analysts say, Compaq is expected to eliminate 15,000 of Digital's 54,000 employees. The mass layoff will mean a $1.5 billion to $2 billion restructuring charge. Meanwhile, Compaq could be making additional cuts. It has already trimmed 1,000 jobs through attrition, but insiders expect cutbacks at Compaq and its Tandem Computers subsidiary to eliminate a further 2,000 jobs.EDITED BY PAT WECHSLER


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus