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Compaq to shut down for a week

Ian Fried, CNET CNet

Published: 29 Jun 2001 14:16 BST

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Employees at several major tech companies will celebrate Independence Day with a mandatory vacation week.

Compaq Computer is among the tech giants adopting the cost-cutting measure, confirming Thursday that 30,000 of Compaq's 33,000 US.employees will be off next week as part of a mandatory shutdown of all nonessential operations, such as customer service.

Compaq's 3,000 employees in California will have the option of working because of questions over whether state laws mean forced vacations could subject companies to paying workers overtime.

However, Compaq expects most of its workers in California to take time off as well.

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