FALLING BUSINESS:The company plans to dissolve and liquidate TPV-Inventa after completing its resources and employee reallocation next year, a spokesman said

Taipei Times
Date: Dec 10, 2016
By: Lauly Li / Staff reporter

Contract electronics maker Inventec Corp (英業達) is laying off employees at its all-in-one (AIO) computer subsidiary TPV-Inventa Technology Co Ltd (英冠達) and plans to close the subsidiary next year at the earliest, following a drastic decline in orders, a company executive confirmed yesterday.

“We are downsizing at TPV-Inventa and moving all of its operations to Inventec,” Inventec spokesman Yu Chin-pao (游進寶) said by telephone.

Yu’s remarks came after the Chinese-language Apple Daily reported that Inventec is laying off 39 of its 59 remaining staff at TPV-Inventa before the end of this year, leaving only 20 employees at the unit’s financial department to settle the company’s accounts.

The report quoted a former employee, who was recently dismissed by the company, as saying that TPV-Inventa had more than 300 employees at the beginning of last year, but Inventec reallocated 60 of the firm’s headcount to other business units and began laying off workers in the second half of last year.    [FULL  STORY]