China Financial Daily

Sun announced layoffs about 5000 to 6000 worldwide
Sun announced as a part of plan of reduction in the annual cost of 700 million to 800 million US dollars, there will be a global scale of layoffs about 5000-6000, equivalent to 15-18 percent of the total number of employees.

Investors felt disappointment in the plan of Restructuring Sun
About the plan of layoffs analysts criticized that Sun for eight years had been using the same strategy, but the company appeared a clear need to adjust their business for the right size in order to get a reasonable profit and re-adjust its cost structure.

There was no information on regional layoffs announced in China temporarily
About the plan of layoffs analysts sources said that, Chinese related peoples of Sun on 15th showed that there was no information of layoffs in China for the time being.

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