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Acer to cut 300 jobs in Europe

CIOL Bureau

31 May 2011 00:00 IST

Updated On 31 May 2011 23:15 IST

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TAIPEI, TAIWAN: Acer Inc , the world's No.2 PC maker, will take a $150 million charge to write down excessive inventory and cover potential accounts receivable problems in Europe, and will also lay off 300 staff in the region.

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The lay-offs will cost $30 million, it said in statements to the Taiwan stock exchange

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