Wistron launches restruc­tur­ing ini­tia­tive

The China Post - - TAIWAN BUSINESS -

Tai­wan’s Wistron Corp. ( ), one of the world’s largest con­tract lap­top mak­ers, said Fri­day it had started an in­ter­nal ini­tia­tive to cut costs and re­al­lo­cate its work­force in a move to turn its busi­ness around.

The ini­tia­tive, launched ear­lier this year, is aimed at chang­ing the ways of think­ing and utiliz­ing in­for­ma­tion that Wistron em­ploy­ees have ap­plied to achieve their suc­cess in the past, said Wistron Chair­man Si­mon Lin ( ).

“We are con­sid­er­ing to cre­ate a re­ally com­pet­i­tive foun­da­tion for the next five to 10 years,” Lin told a meet­ing with share­hold­ers.

Wistron re­ported a net profit of NT$3.579 bil­lion (US$113.5 mil­lion) for 2014 on con­sol­i­dated rev­enue of NT$ 592.35 bil­lion, which trans­lated into nine-year­low earn­ings per share of NT$1.5.

The com­pany’s rev­enue de­clined around 5 per­cent due to the de­creased ship­ment quan­ti­ties of note­books and smart­phones. How­ever, its net profit de­clined more sig­nif­i­cantly due to the con­sid­er­able in­crease of 25 per­cent in man­u­fac­tur­ing ex- penses com­pared with the pre­vi­ous year.

Wistron counts Hewlett-Packard Co., Dell Inc., Len­ovo Group Ltd., Sony Corp. and Tai­wan’s Acer Inc. ( ) among its notebook cus­tomers, ac­cord­ing to lo­cal media re­ports.

Wistron shares were flat at NT$22.75 as of 10:50 a.m. Fri­day on the Tai­wan Stock Ex­change.

Newspapers in English

Newspapers from Taiwan

© PressReader. All rights reserved.