Compaq confirmed today it would take $4.7 billion in charges in connection with its takeover of Digital Equipment, leaving it likely to post a net loss for its fiscal 1998.
On Monday the company said it would be cutting 5,000 manufacturing jobs as part of the integration of Digital and Tandem into Compaq, including 500 from facilities in Scotland. The company expects 17,000 employees to be made redundant in total from all parts of the company.
Compaq's European operation expects to have its restructuring completed by the end of 1998, with a total of between 4,000 and 5,000 jobs being cut in the process.
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