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BIZCHINA> Top Biz News
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Lenovo to cut 450 international employees
By Wang Xing (chinadaily.com.cn)
Updated: 2009-02-25 11:00 China's largest computer maker Lenovo today said it would lay off 450 international employees in China to further reduce cost.
"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, in a statement. "While our business in China remains very strong, many of our global support functions have employees based in China." The latest round of layoffs will be completed by the end of next month, the company said. (For more biz stories, please visit Industries)
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