Lenovo Considers Price Hikes, Other Measures to Tackle Brexit
- Top PC maker says ready to take steps to defend profitability
- CFO tells shareholders it’ll pass on costs if it has to
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Lenovo Group Ltd., the world’s biggest personal-computer maker, is considering price hikes and other measures to counter a falling pound and the economic uncertainty caused by Britain’s decision to leave the European Union.
Lenovo will take the steps required to maintain profitability, Chief Financial Officer Wai Ming Wong said after the company’s annual general meeting Thursday. Asked if this would include job cuts in the region, he said that was among several options but wouldn’t go into specifics.