ZTE to cut 3000 jobs in Q1 - report

(Telecompaper) ZTE wants to eliminate 5 percent of its global workforce, or around 3,000 jobs by the end of the first quarter, Reuters reported, with sources saying the cuts include a fifth of positions in its handset business in China. The handset operations will lose 600 jobs, or 10 percent of the total, with the cuts concentrated in China. Cuts in the handset business in China will go beyond 20 percent," said a senior executive briefed on the lay-offs. A local manager in one of the company's