Lenovo to cut 2,500 jobs
08-01-2009
The Mainland's biggest personal computer manufacturer, Lenovo, will be slashing some 25-hundred jobs, or about 11% of its global workforce, after suffering losses, amid the worldwide economic slowdown. In a statement to the Hong Kong Stock Exchange this morning, Lenovo said the job cuts would help save the company, 300 million US dollars, in the financial year, ending March 2010. The world's fourth biggest personal computer manufacturer said preliminary forecasts showed that the company would make a loss in the last quarter of 2008.
