BOE Technology Group, China's biggest maker of liquid-crystal displays used as screens for PCs and TVs, has dumped non-core assets to prop up earnings and is lobbying for a government bailout.
Lenovo said it was firing 1,400 people, or about 5% of its global workforce, with most of the cuts coming out of Europe and the U.S. It plans to fill some of those jobs with lower-cost employees in China. A price war at home has hammered margins, and its overseas effort has been hampered by logistical problems. It can’t get enough consumer laptops into stores in Europe where sales are surging.
Your people and your workshops are first to know
When you’re slip-sliding down desolation row.
Isn't there an option?
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