China's Lenovo to cut 11 percent of work force

January 8, 2009 By JOE McDONALD , AP Business Writer China's Lenovo to cut 11 percent of work force (AP)

A vendor waits for customers at a computer shop selling Lenovo laptops in Beijing, China, Thursday, Jan. 8, 2009. Shares of Lenovo Group tumbled Thursday after the world's fourth-largest computer maker warned it expects a loss for its latest quarter and will lay off 11 percent of its workforce and cut executive pay.(AP Photo/Ng Han Guan)

(AP) -- Shares of Lenovo Group tumbled Thursday after the world's fourth-largest computer maker warned it expects a loss for its latest quarter and will lay off 11 percent of its work force and cut executive pay.

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