Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Acer to layoff 300 in Europe

Posted: June 16th, 2011 | Author: | Filed under: By Location, UK | Tags: , | No Comments »

Taiwan based computer maker Acer has decided to drop its tablet sale forecasts by as much as sixty percent due to low demand and has decided to cut nearly 300 jobs in Europe.

While the slow economic recovery in Europe has been cited as the reason for the reduction in its forecasts, the company does hope to make a recovery in the notebook market where it has traditionally held a strong position.
Acer is also looking to make it through a tough period with a host of measures that include cutting staff bonuses by nearly forty percent and realigning its divisions.

From: IT Prortal

Read more: http://www.itproportal.com/2011/06/15/acer-lowers-sales-forecasts-plans-layoffs-europe/#ixzz1PRCS6TmZ

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