Compaq Message Board - Msg: 7466996

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Technology Stocks : Compaq

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To: FR1 who wrote (44912)	1/25/1999 11:02:00 AM
From: DownSouth	of 97611

it was said that CPQ would have more difficulty doing layoffs in Europe than was expected because of European politics/laws - is this true? In worked in Europe for about 5 years. In 1989 my employer had a huge downsizing. The labor laws in Europe were not understood by US management. They were surprised to learn that labor representatives had a major role in any layoff decisions; that severance was very expensive, ranging from 6 months to 18 months pay plus continuation of benefits, office space, company car, assistance in finding a new job. This was particularly a problem in Belgium and Germany. I am sure that EP understands this very well, however.

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