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Update: Asustek Plans Layoffs

Published: 05 December 2008
 by Staff
TAIPEI, TAIWAN – Asustek Computer Inc. has plans to layoff 5% of its total workforce, according to market insiders. Forecasted drops in annual profits and unrealized notebook and motherboard shipment goals have been blamed for the reduction, expected to affect nearly 200 employees.
 
With 4.2 million notebooks shipped in the first three quarters, the outlook for the fourth quarter looked promising with a prediction of 1.9 million units. But a drop in market demand resulted in only 1.47 million units shipped: 620,000 units in October, 550,000 units in November, and a planned 300,000 units in December.
 
Asustek shipped nearly 1.8 million motherboards in October, but shipments dropped 20% in November. December results are predicted to drop 5%, and annual shipments will finish the year at 22 million units–marking a 3% growth on the year. Its netbook shipment goal will remain at 5 million units.
 
Revenue for the year is projected to be NT$270 billion (US$8.06 billion), a 15% to 20% growth on year. In addition to the workforce reduction, the company plans to adjust its inventory control and channel operation.
 
Asustek is not the only one feeling the strain of an unstable global economy. Micro-Star International, Gigabyte Technology and Elitegroup Computer System have announced plans to reduce their staffs by an average of 3% each.
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