Thursday, April 19, 2007
Lenova cut 1,400 jobs in an effort to streamline its supply chain and save some $100 million in its current fiscal year, which began on April 1.
The company said the layoffs, which amount to roughly 5 percent of its total workforce, will come from the Americas, Asia/Pacific and EMEA. Approximately 750 positions will be transitioned into emerging markets closer to Lenovo’s suppliers and manufacturing operations, making the net effect is a global workforce reduction about 650 positions, with most of these changes expected to be completed within one to 12 months.
“To win in the PC industry, our path is very clear,” said William J. Amelio, Lenovo’s president and CEO, said in the company’s statement. “We must deliver the world’s best-engineered PCs, offer our customers an unrivaled ownership experience, and grow faster and more profitably than the rest of the industry. This means we must make our organization more efficient by reducing expenses.
By: DocMemory
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