Lenovo CEO to share part of bonus with workers

Source: Winston-Salem Journal, N.儲存C.Sept. 04--Lenovo Group Inc. said Monday that Yang Yuanqing, its chief executive, will share at least $3 million of his bonus with workers for a second straight year after posting record sales.About 10,000 workers will get payments this month to recognize their contributions, Gina Qiao, senior vice president of human resources, said in a memo to some workers. The memo was confirmed by spokesman Jeffrey Shafer, who said the total payment will be about $3.25 million.Lenovo had more than 35,000 employees globally at the end of March. Employees who received the bonus from Yang were mostly those in manufacturing and are paid on an hourly basis. Those workers are not eligible for other bonus programs or sales commission, Shafer said.Lenovo has about 300 employees at its Whitsett campus, which includes manufacturing workers, and about 1,8新蒲崗迷你倉0 employees at its U.S. headquarters in Morrisville.Payments will be made to Lenovo staff in 20 countries, while about 85 percent of the recipients are in China , Shafer said. Yang spends time in both the Beijing and Morrisville offices.The average payment of about $325 is almost equal to a month's pay for a typical city worker in China.The company posted revenue of $34 billion and personal computer shipments of 52.4 million units in the 12 months ended March 31 as the company gained market share and expanded sales of smartphones and tablets. Yang, who gave $3 million from his bonus a year earlier, led the company past Hewlett Packard in global market share during the June quarter.Copyright: ___ (c)2013 Winston-Salem Journal (Winston Salem, N.C.) Visit Winston-Salem Journal (Winston Salem, N.C.) at 2.journalnow.com Distributed by MCT Information Servicesmini storage