3Com said in a statement today that it would decide by end February as to where savings could be achieved. "This will determine the number of job reductions," the company said.
On December 21, 3Com Corp cited "the downturn of the US economy, turmoil in the telecommunications industry and decline in the financial markets" as reasons for it to take steps to significantly reduce costs.
"We are looking at the cost within every area of the company (Singapore and Asia Pacific operations)," a 3Com Asia Pacific spokesperson said in an email response to Singapore.CNET.com today.
"No decision has been made specifically regarding when cuts will be made and the number of people affected," she added.
The Hong Kong-based spokesperson added that 3Com will also reduce its cost of doing business in four areas--human resources, discretionary costs (including travel, meetings and consultants), product costs and savings in plant/property and equipment.
The spokesperson added that "published reports estimating the number of reductions are purely speculative and not supported by any company decisions." She did not elaborate further.
According to the spokesperson, Singapore has 770 employees in sales, marketing and manufacturing.
To a question, she noted that 3Com's only manufacturing plant in Asia Pacific is located in Singapore at Changi North. Products made here include switches and cable modems, she said.
On customers, she would only say that 3Com's Singapore operations has a "variety of customers including SingTel."
When asked about 3Com's Asia Pacific operations, the spokesperson said it has a total of 1,220 staff in Australia/New Zealand, Korea, China, Hong Kong, Taiwan, Pakistan, Indonesia, the Philippines, India, Thailand, Malaysia, Singapore and Japan.
3Com employs 11,500 people worldwide. Shares of Nasdaq-listed 3Com Corp last traded at US$10.38, slipping US$0.31.
Play video
There are currently no comments for this post.