The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

LG Display to launch voluntary redundancy programme amid losses

Published Tue, Sep 17, 2019 · 04:34 AM
Share this article.

[SEOUL] LG Display said on Tuesday that it would launch a voluntary redundancy programme for its production line employees after mounting financial losses.

LG Display, a display screen supplier to Apple, said in a statement it is undertaking the redundancies as part of a emergency management system to address falling earnings and lower panel price because of an oversupply of Chinese panels.

The company said it planned to take voluntary redundancy applications from workers for about three week starting from Sept 23. 

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here