Lenovo Plans Job Cuts in Shift of Production Briefing: SAN FRANCISCO

Lenovo Group, the world’s third-biggest personal-computer maker, plans to cut 1,400 jobs and will move some of those positions to emerging markets. The cuts amount to 5 percent of its work force and will include some contract positions, the company said Thursday.

Lenovo plans to create about 750 positions in markets closer to its suppliers and manufacturing operations, so the net effect is about 650 jobs lost.

The company said it expected to save $100 million in the year ending April 1. The moves will cost $50 million to $60 million before taxes, and much of that will be recorded in the quarter that ends in June.

Hewlett-Packard and Dell are the two biggest PC makers.

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