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© alphaspirit-dreamstime.com Electronics Production | March 11, 2014

Lenovo comments on IBM strike

Lenovo is saying they are aware of the strike at the IBM server factory in Shenzhen, and now an official statment has been released.
The statment reads:

"Lenovo announced its acquisition of IBM’s x86 Server business (including the IBM x86 server factory in Shenzhen) in January, 2014. This deal is about fueling growth and building a sustainable, leading server business. With this acquisition, Lenovo would immediately have the number three x86 server business in the world. This deal is part of the foundation on which we will build a major new pillar of growth. We view this as a key part of our strategy and we are completely committed to the long term success of this important and profitable new business.

This acquisition still requires the approval of relevant government and regulatory authorities. Lenovo and IBM are two independent companies. Any integration between Lenovo and IBM’s x86 server department will not be conducted until the deal is closed. The strike at the IBM server factory in Shenzhen is the internal matter for IBM.

Approximately 7,500 IBM employees in more than 60 countries are expected to transfer to Lenovo at the close of the transaction. These include product development, manufacturing, sales and marketing, and staff employees in locations around the world. Part of the reason Lenovo is acquiring IBM’s x86 server business is to gain the tremendous talent and experience of its workforce, strong from top to bottom. Lenovo is buying IBM’s x86 business intact and Lenovo is similarly committed to following the IBM x86 server product roadmap.

The talent we are acquiringis a great asset, and key to our long term success. Lenovo will rely on these employees to build the business after closing and looks forward to welcoming them to Lenovo in several months’ time. To ensure a smooth transition Lenovo is committed to provide opportunity for all employees from IBM’s x86 server department who transfer to Lenovo, without any reduction of their wages and benefits. We value their contributions and our goal is to provide them with continued opportunity pending approval of this acquisition."
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December 12 2018 10:05 pm V11.10.12-1