Chinese PC manufacturer Lenovo in the first quarter of 2009 will reduce 2500, representing approximately 11 percent of all state companies. This is the agency Bloomberg. In addition, wage leaders Lenovo reduced by 30-50 percent.
The need for restructuring due to the fact that Lenovo, is expected to receive a quarterly loss for the first time in nearly three years. Layoffs and other measures will help the company save $ 300 million by the end of the fiscal year ending in March 2010.
The reason for reducing the company's revenue and reducing staff was the world financial crisis, which led to a decline in demand for personal computers. According to Lenovo, the company most affected by the slowdown of Chinese economy, said AFP.
In an official press release, Lenovo also said that the restructuring of several separate business entities involved in the promotion of Lenovo in China and the Asia-Pacific region will be merged into one. It will be called the Asia Pacific and Russia (APR).
The company Lenovo became known in 2005 when the production of computers bought IBM. Now the company is considered to be the fourth largest supplier of personal computers in the world market after the U.S. Hewlett-Packard and Dell, as well as Taiwanese Acer.
Recall that the world financial crisis led to a reduction in working around the world. Especially the economic downturn affected the banking sector and companies specializing in mining.
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