HP Forcing Workers to Take Unpaid Leave
Bloomberg News
Hewlett-Packard Co. said it is forcing most of the 4,000 contract workers in its internal computer systems department to take three weeks of unpaid leave as the company cuts costs after buying Compaq Computer Corp.
The world’s biggest personal computer maker is asking the employees to take off June 24 to July 12, spokesman Arch Currid said. The move will save $15 million to $20 million, he said.
Hewlett-Packard said it is considering ending contracts for some of the workers. The decision will be made during their leave.
The Palo Alto-based firm has said it plans to fire 15,000 people as it weaves together operations of the two computer makers.
