HONG KONG: Shares in Lenovo Group Ltd, the world's third biggest personal computer maker, rose after the company said it will cut 5% of its workforce to streamline sales and customer support.
Lenovo's stock closed 2.44% higher at HK$3.15 in Hong Kong, after rising as much as 3.25% earlier. The company, which bought International Business Machine Corp's PC unit in May last year, yesterday said it would lay off about 1,000 employees and move some offices at a cost of US$100mil.
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