The Downsized Diaries

My journey to my next career.

Lenovo to slash 11% of work force; net of 100 jobs leaving RTP :: WRAL.com

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Morrisville, N.C. — Lenovo Group said Wednesday it will lay off 2,500 workers, or about 11 percent of its work force, as part of a plan aimed at helping the computer maker remain competitive amid the global economic downturn.

The company, which is the world’s fourth-largest PC maker, also warned that it expects to report a loss for its fiscal third quarter, which ended Dec. 31. Lenovo’s headquarters is in Morrisville. Most of its operations are in China.

The restructuring will mean a net loss of 100 jobs for the Triangle, according to company spokesperson Ray Gorman. Lenovo said it would close a call center in Toronto, Canada, and move those jobs to Morrisville.

However, some 250 jobs will be cut in the Triangle, Gorman said. The hires for the call center work will be made locally, he added.

The 250 cuts in the Triangle will be made in “all functions,” Gorman said. “It’s across the board.”

The layoffs are expected to be completed by the end of the first quarter, Gorman said.

Lenovo now employs around 1,700 people locally. Recently, 50 positions were eliminated as part of cross-company, cost-cutting moves. Hundreds of former IBM employees have left or been laid off since Lenovo acquired IBM’s PC division in 2005 for more than $1 billion. IBM’s PC group was based primarily in the Triangle.

via Lenovo to slash 11% of work force; net of 100 jobs leaving RTP :: WRAL.com.

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Written by Krista Summitt

January 8, 2009 at 12:41 pm

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