Lenovo to Cut 1,400 Jobs Worldwide
Posted by Emil Protalinski on 23 April 2007 - 20:59 · 7 comments & 2082 views
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Emil ProtalinskiContact: via forum PM
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#1 Posted by toadeater on 23 Apr 2007 - 21:07
- Quote -750 of the jobs will be transitioned to overseas locations where labor is cheaper
The sellout of America to China continues. This includes Microsoft:
"Gates says Microsoft’s research centers in Asia have produced some of the most innovative work in the world, and the company will soon more than double the number of researchers hired in Beijing and Shanghai."
http://www.portableplanet.co.uk/2007/04/23...come-from-asia/
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#2 Posted by ScottKin on 23 Apr 2007 - 23:19
- The reasons for IB...oops...Lenovo making these cuts is crystal-clear: STOCKHOLDERS.
Every company has a desire to be profitable. When you're profitable, you can pay employees, you can pay dividends on stocks, you can bribe...oops...."give gifts" to governments to chose your brand and make deep price-cuts to large companies - all in the intent to be MORE profitable. After being caught in a few RIFs (Reduction In Force) and lay-offs before, I know the reasons why - but that doesn't make it better, or good, or right.
Here's a nifty idea I came up with a few years ago; some may think that it smacks of socialism, but I'll throw the bone out and see who chomps at it:
Cap all Executive Salaries (including stock shares & options) at $1,500,000.00
Take all excess profits (less employee salaries & benefits, operating expences, debt control, taxes & tariffs, etc) and subsidize programs such as all medical insurance premiums, in-workplace daycare.
Any excess profits are split 50/50, with 1/2 going towards the community and the other 1/2 back into the company to spur company growth and to making the workplace environment more liveable and functional.
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(1 reply)
#3 Posted by whocares78 on 24 Apr 2007 - 01:10
- who is lenevo and when did thy become so big? i thinki have seen 1 lenovo pc in my whole life
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#4 Posted by Bwizzel-B on 24 Apr 2007 - 04:20
- Lenovo had been one of the primary builders of IBM desktops and Thinkpads for years before acaq. They have a nice big new building off of 54 just outside of RTP.
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(1 reply)
#5 Posted by kaiwai on 24 Apr 2007 - 15:53
- Lenovo looks good, but one problem as far as I see it; I can't purchase their stuff in New Zealand; I go down to the largest department stores like Harvey Norman, Noel Leemings, and the likes, and I see rows and rows of HP, Toshiba, Acer and the likes, but no Lenovo.
Also, with that being said, their products *just* are not competitive. I had a look at a Think Pad around the same price as my current HP which I got around 7 days ago (NZ$2599 incl GST); they have no competitive offering. -
#5.1 Posted by dw2003 on 24 Apr 2007 - 22:58
- Perhaps you should look a bit harder. I've seen Lenovos at the Warehouse and they're pretty competitively priced. Not to mention that you can order them online from the companys NZ site http://www.lenovo.com/nz/en/.
My main issues with IBM/Lenovo laptops is that they don't have a frikin Windows key -- its the most annoying thing
"To win in the PC industry, our path is very clear. We must deliver the world’s best-engineered PCs, offer our customers an unrivaled ownership experience, and grow faster and more profitably than the rest of the industry. This means we must make our organization more efficient by reducing expenses. There is no doubt we have made strong progress in the past year, but it's clear we need to further accelerate that progress to be as profitable and cost efficient as the rest of the industry. Today's actions are necessary to enable us to reduce expenses and grow our business," said president and CEO William J. Amelio.