Taiwan's largest computer manufacturer is laying off 300 employees, citing a downturn in the global economy.
Acer Inc., Taiwan's leading PC maker and a top 10 global supplier, said the 300 employees are in addition to an earlier layoff of 500 "foreign workers and overseas" employees, which combined represent 8% of the Taipei company's work force.
The layoffs include factory workers from both the company's Hsinchu and Hsin-chih locations. The cuts are expected to save Acer $19 million to $22 million in annual operating costs, according to the company.
Acer said it is responding to the business slowdown by "restructuring to a more simple and focused business direction," which includes a reduction in expenditures and "reasonable" lowering of headcount.