South Korea's LG Display to cut jobs through voluntary retirement [Reuters]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Reuters
South Korea's LG Display to cut jobs through voluntary retirement | Reuters 2 Min Read SEOUL (Reuters) - South Korea’s LG Display Co Ltd, an Apple supplier, will cut jobs through voluntary retirement for the first time since its founding, a spokeswoman confirmed on Saturday. LG Display plans to receive applications in October for voluntary redundancy among employees in production that make up about 65 percent of its workforce, South Korean newspaper Chosun Ilbo reported earlier on Saturday citing the company, adding the target size of the voluntary redundancy has not been decided. The spokeswoman said the voluntary retirement offer is driven by automation as well as the company’s portfolio switch from liquid crystal display (LCD) to organic light-emitting diode (OLED) screens, which require fewer production personnel. The company will secure competitiveness by increasing the portion of R&D; workers and engineers, she added. Prices of LCD screens, the company’s mainstay, have plummeted
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News
- LG Display returns to quarterly loss on drop in off-season demand [Yahoo! Finance]Yahoo! Finance
- LG Display returns to quarterly loss on drop in off-season demand [Reuters]Reuters
- LG Display to Mass Produce World's First Gaming OLED Panel With Switchable Refresh Rate and Resolution [Yahoo! Finance]Yahoo! Finance
- LG Display to Mass Produce World's First Gaming OLED Panel With Switchable Refresh Rate and ResolutionPR Newswire
- LG Display: Consider Potential Results Miss And Favorable Developments [Seeking Alpha]Seeking Alpha
LPL
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- LPL's page on the SEC website