News
TAIPEI — Foxconn has purchased 142 placement machines from Sony Taiwan, according to a company filing on the Taiwan Stock Exchange.
The capital investment, worth a total of US$16.58 million, was negotiated between Nov. 16, 2006 and Apr. 19, 2007, the filing said.
The capital investment, worth a total of US$16.58 million, was negotiated between Nov. 16, 2006 and Apr. 19, 2007, the filing said.
RESEARCH TRIANGLE PARK, NC – Top-five PC maker Lenovo will lay off 650 workers and move 750 jobs closer to the company’s suppliers and manufacturing operations. The company will take a pretax restructuring charge of $50 million to $60 million, most in the current quarter.
The move will save the former IBM PC unit about $100 million in the current fiscal year. The 1,400 positions represent about 5% of its global workforce, and Lenovo expects to complete most of the changes in the next 12 months.
The move will save the former IBM PC unit about $100 million in the current fiscal year. The 1,400 positions represent about 5% of its global workforce, and Lenovo expects to complete most of the changes in the next 12 months.
BOSTON – Transit times from Asia are leveling as the region is reporting typical, slow market conditions characterized by adequate space to meet demand and stable rates, says Trans Global Logistics in a recent update. Airfreight demand in May will pick up, the logistics provider said.
Southeast Asia experienced strong demand for airlift late last month; transit times were longer because of congestion at regional air hubs. A number of carriers have imposed fuel surcharge increases, and TGL expect more increases this month.
While May demand will rise, adequate capacity should keep transit times and rates in line. The weeklong Labor Day Golden Week holiday starts May 1. Factories close for the week and, as a result, the company expects a surge of air shipments before the holiday.
Southeast Asia experienced strong demand for airlift late last month; transit times were longer because of congestion at regional air hubs. A number of carriers have imposed fuel surcharge increases, and TGL expect more increases this month.
While May demand will rise, adequate capacity should keep transit times and rates in line. The weeklong Labor Day Golden Week holiday starts May 1. Factories close for the week and, as a result, the company expects a surge of air shipments before the holiday.
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