Lenovo to axe 450 employees
By Wang Xing | China Daily | Updated: 2009-02-26 07:53

Computer maker Lenovo Group yesterday said it is cutting 450 jobs in China apart from the 2,500 announced earlier, as part of its efforts to trim costs.
Support staff manning its overseas business would bear the brunt of the new job cuts. Lenovo had last month said it was trimming its workforce by 11 percent and eliminating 2,500 positions.
"Our business in China continues to be strong. However, that is not the case with our overseas business due to the financial crisis. Most of our global support functions have employees based in China," said Yang Yuanqing, chief executive, Lenovo, in a statement. He said the company hopes to trim the jobs by the end of next month.
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