IN BRIEF (Page 14)

'No lay offs'

Lenovo, China's leading computer manufacturer, said yesterday that the company had no intention of laying off staff in China and Russia.

The declaration was made in response to the company's staff reduction plan issued last Friday, when Lenovo said it started rolling out its redundancies, effective immediately and lasting until the end of this year. About 50 positions at its US global headquarters will be the first to go.