From the Yahoo Zoo..........
MUNICH, Germany, Nov 29 (Reuters) - The German unit of
Compaq Computer Corp's Digital Equipment unit has reached an
agreement with labour representatives to eliminate 720 jobs as
part of a restructuring to return to profitability, a German
newspaper said at the weekend.
Under the pact, Compaq agreed to preserve the remaining
1,800 jobs until at least 2003, the Sueddeutsche Zeitung said in
its weekend edition.
Negotiations over labour had slowed down Compaq's efforts to
turn around the German unit, Digital Equipment GmbH. The company
had originally aimed to eliminate 820 jobs.
Compaq, the world's largest maker of personal computers,
took over Digital Equipment Corp earlier this year and aimed to
cut about 17,000 jobs worldwide.
REUTERS
Rtr 08:20 11-29-98 |
