Home / Business / Technology & Telecom Tools: Save | Print | E-mail | Most Read | Comment
World's leading PC maker Lenovo to cut 450 jobs
Adjust font size:

China's Lenovo, the world's fourth largest personal computer manufacturer, is expected to cut 450 jobs in China, the company said on Wednesday.

The latest job cut, which is expected to affect the China-based supporting staff of Lenovo's overseas business, aims to further reduce the company's costs by enhancing efficiency and keep its competitive edges amid the global economic slowdown, said Lenovo.

"In light of the global economic problems, we must act decisively to reduce costs associated with global staffing and support functions to ensure our competitive strength," said Yang Yuanqing, Lenovo CEO, said.

The layoffs will be completed by the end of March.

Lenovo reinstated Liu Chuanzhi, founder the Lenovo Group as company chairman on Feb. 5 after revealing a fourth quarter loss of US$97 million.

The latest job losses come in addition to a larger cut announced earlier this year. Lenovo said in January it would cut 2,500 jobs, about 11 percent of its global workforce.

(Xinhua News Agency February 25, 2009)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Lenovo turns to magician Liu
- Lenovo's founder makes comeback
- Rumors see Lenovo on hold
- Lenovo to cut 2,500 jobs, merge regional operations
- Strategic alliance new target for Lenovo

Feb.14, Beijing China Macro-Economy Forecast Spring Annual Conference
Feb.22 - Feb.23, Shenzhen 21st Century China Capital Market Annual Conference
Feb.26 Shenzhen Time Weekly Marketing Awarding Ceremony

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?