Thursday, August 25, 2011

Lenovo to cut 450 jobs in China - Dallas Business Journal:

awipekyhila.blogspot.com
The cuts amount to aboutr 2 percent of the total work forcwefor Lenovo, the world’s fourth largest computer maker. They come on top of a Januaryu announcement that the companty would aroundthe world. That round of cuts included a net reductiohn of 150 jobsin Morrisville, a move expected to be complets by the end of March. But the currenf cuts are just in Chinza and will not affectthe Triangle, spokesmajn Ray Gorman said Wednesday. The positions beinb cut in China are amongsuppor staff, Gorman says. Lenovo’s newest cost-cutting efforts come as the company strugglez to regain its footing in the global The company has faced slowing growth in the company’s biggest market.
Drastically reduced IT spending in the where Lenovo is still tryingg to grow its consumer footprint and stillk relies mostly onbusiness spending, also is hurting the Earlier this month, Lenovo said it in the quartef ending in December 2008. The company replacerd CEO Bill Amelio with company Chairmahn Yang Yuanqing and brought back company founder Liu Chuanzhias

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