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Lenovo Cancels Branch in Chile

02-02 14:21 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-02-01/110051863.html

» Lenovo announced that it will close its subsidiary in Chile. The company will thus adopt TV shopping as the major sales channel in the country. 

» The move is part of the computer maker's global strategy adjustment amid the global economic slowdown.

» In early January, Lenovo forecasted a 2008 loss and a global layoff of 2,500 employees due to the weakening market.

 

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