Lenovo is considering a restructuring of some operations in Asia and Russia due to the global economic slowdown, China Business News said Wednesday.

The report was picked up by Reuters and other news agencies. A Lenovo spokesperson in Beijing told Reuters and AFP that he would not comment.

The Chinese newspaper said Lenovo could consolidate its Greater China, Russia and Asia Pacific operations.

A restructuring this fall led to the reduction of some 50 positions at Lenovo’s Triangle-based operations and an undisclosed number elsewhere across the company.

Chinese media also has speculated lately that there could be changes in the company’s top management. Lenovo reported a 75 percent drop in profits last quarter and since then has pulled out of negotiations to acquire the top PC maker in Brazil.

Recent statistics also show that Lenovo is not keeping pace in global PC shipments with its top competitors, even though sales are increasing.

As part of the restructuring, China Business News said David Miller, Lenovo’s president for the Asia Pacific region, could step down. If so, a likely replacement is Chen Shaopeng, president of Lenovo’s Greater China region.

"The economic conditions are so tough that (the company) is set to take some measures to counter the winter," the paper quoted Chen as saying.

David Miller, president for the Asia Pacific region, is expected to resign and Chen Shaopeng, now president of the Greater China region, would head the merged operations, the newspaper said.

Lenovo, the world’s No. 4 PC maker, maintains its headquarters in Morrisville but most of its operations are located in China, where the company was launched.