LG Electronics plans to reorganize its factories in Mexico, closing one LCD TV mill and ending unstationary phone oeuvre in the nation, the comrades said up to date Monday. The South Korean colossus will also miserly an LCD TV plant in Mexicali by September as it moves LCD TV formation to another sow in Reynosa. LG will quite recoil from mobile phone effort in Mexico, shifting all result to factories in Korea and China, the players said. Its mobile phone works in Mexicali closed in June.
The house plans to open production of refrigerators and electric ovens in Monterrey, Mexico, with the adding up of gas oven manufacturing by the end of 2009, LG said. The reorganization will in actuality escalation the party of workers LG has construction LCD TVs in Mexico and inflate the value of production there, the ensemble said. LG will initiate US$100 million in the projects. Although 500 jobs will be mislaid when the Mexicali LCD TV fixtures closes, budding assembly lines in Reynosa will order 1,200 new employees, the party said. The Monterrey refrigerator and oven factory will rental 1,300 additional workers as well, LG said in a statement.
LG did not predict how many workers at its Mexicali sensitive phone factory desperate their jobs. In February, LG announced a by 3 trillion Korean won (US$2.4 billion) globally in 2009. LG established what it called a "Crisis War Room" at the end of terminal year to engender together its five traffic units, regional headquarters and executives to survive the plan.
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