HP, Sun to shut down for a week to save costs

By : |May 30, 2002 0

SAN FRANCISCO: Computer makers Hewlett-Packard Co. and Sun Microsystems Inc.
will close down for the week of July 4 in a reprise of an extended cost-saving
holiday declared in much of Silicon Valley last year.

Most US employees of both companies have been asked to take vacation, and
workers at Sun, which will turn off the lights for the week for the second year
in a row, have the option of taking unpaid leave, a spokeswoman said.

HP told employees in an internal memo obtained by Reuters that the
"summer holiday closure" would "help improve efficiency and
enhance our ability to execute through the current US market softness". HP
last year had asked employees to take time off of their choosing and also
announced layoffs to save costs during the economic and technology downturn, and
Compaq Computer Corp, acquired by HP earlier this month, had a similar closure
in July last year.

Many companies in the San Francisco Bay Area shut for the week around the
July 4 US Independence Day holiday.

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