Lenovo clarifies Singapore – Beijing shift

16.01.2009
Computer maker Lenovo has clarified reports that it is shifting its Asia Pacific (AP) headquarters from Singapore to Beijing, saying that many HQ functions, including some Asia Pacific ones, would still remain in Singapore.

"It's important to note that many other functions: Singapore, ASEAN, as well as some AP and worldwide functions, will still be based out of the Singapore office," a Lenovo Singapore spokesperson said.

"Many functions will still remain in Singapore - they include the Lenovo Singapore roles, which run the gamut from marketing to finance to sales and product management, plus the ASEAN HQ functions, Worldwide Treasury, and Services.

The spokesperson said that Lenovo's worldwide CIO David Schmook, plus services senior vice presidents and the vice president of the Global Supply Chain, Gerry P. Smith would still be based in the Lion City.

The clarification came after Lenovo announced this week that it expects to reduce the number of its employees worldwide by 2,500 during this first quarter of 2009, about 11 percent of its total workforce. This includes management and executive positions. The company is also reducing expenses in support and staff functions, such as finance, human resources, and marketing.

Consolidating China and AP