Lenovo to shed jobs in China
Computer giant Lenovo said yesterday that it would cut nearly 450 jobs in China, in addition to 2,500 previously announced layoffs, amid falling demand due to the global economic crisis.
Lenovo did not specify which areas the 450 jobs would be cut from, only saying in a statement that they were roles that supported operations worldwide.
“While our business in China remains very strong, many of our global support functions have employees based in China,” chief executive Yang Yuanqing (楊元慶) said in the statement. “Although difficult, these reductions are a necessary part of our response to the global economic downturn.”
A spokeswoman said the China layoffs were on top of the 2,500 job cuts worldwide announced last month aimed at cutting US$300 million in costs for the coming fiscal year.
Lenovo recorded a net loss of US$97 million for the third quarter ending December as global demand slumped.
Windows 7 to ship this fall
Microsoft Corp will begin shipping its Windows 7 operating system in September or October, a computer executive said.
The new Windows operating system will boost sales of computers, Compal Electronics Inc (仁寶) president Ray Chen (陳瑞聰) said at an investors’ conference at the company headquarters yesterday in Taipei.
Compal is the world’s second-biggest notebook-computer maker.
HP, Hon Hai to invest
Hewlett-Packard (HP) Co and Hon Hai Precision Industry Co (鴻海精密) will jointly invest US$60 million in a factory in Turkey, a Hon Hai executive said.
The factory will likely begin production of computers this year, Edmund Ding (丁啟安), spokesman for Taipei-based Hon Hai said yesterday, confirming a report in the Sabah Turkish-language newspaper on Tuesday. Ding declined to provide further details.
The electronics maker will hire 520 software engineers to work at the Kaohsiung Software Technology park by May 20, the Ministry of Economic Affairs said.
Hon Hai will also sign cooperation agreements with several international companies early next month related to environmental protection and technology software products, the ministry said in a statement.
Hon Hai plans to develop wireless security management, Linux systems and applications, and wireless communications software at the park, the ministry said.
Fubon Financial eyes China
Fubon Financial Holding Co (富邦金控), the country’s second-largest listed financial-services company, said its multimedia unit will invest US$15 million in a Chinese venture.
Fubon Multimedia Technology Co (富邦媒體科技) will invest in Beijing Fubon Media Co (北京富邦媒體) to manage its sales and international trade services business, the Taipei-based company said in a filing yesterday.
Fubon Multimedia was founded in 2004 as a venture with South Korea’s Woori group to operate a home-shopping television channel in Taiwan.
Yunlin group to visit Japan
Yunlin County Deputy Commissioner Lee Ying-yuan (李應元) said yesterday he will lead a group of farmers to Japan next month to promote the county’s farm produce and hopefully win more than NT$100 million (US$2.97 million) in deals.
Speaking at a news conference held at the Yunlin County Government’s headquarters, where some of the county’s farm products were also displayed, Lee said he hopes the trip will pave the way for local goods to break into Northeast Asian markets.