Lenovo mobile phone
Lenovo Group has announced it plans to cut jobs globally. Under the plan, it will lay off 50 employees in its headquarters in the U.S. But the staff reduction would not apply to its arm in China.
A spokesperson for Lenovo Group says that the new round of staff reduction will last to the year end and the extension of the reduction will hang on the whole economic climate.
As the biggest PC maker in China and third in the world, last time Lenovo Group slimmed itself in April 2007, when it cut off 1,400 globally, with its China’s arm unscathed. It will be interesting to see if it sticks to its plans to get into the mobile phone market in a big way.
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Source: Trading Markets