3200 to lose jobs

CHINESE computer and smartphone company Lenovo has announced 3200 job cuts as it reported a halving of profits. First-quarter net profit plunged 51 per cent to $US105m ($F224m). Revenues rose 3 per cent to $US10.7b $(F22.84b), but this was below forecasts. Lenovo said it had been facing the “toughest market environment for years”, reporting a […]

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