LG Electronics plans to reorganize its factories in Mexico, closing one LCD TV works and ending nimble phone manufacture in the nation, the proprietorship said behindhand Monday. The South Korean giantess will also stale an LCD TV plant in Mexicali by September as it moves LCD TV forging to another flower in Reynosa. LG will from beginning to end retreat from mobile phone building in Mexico, shifting all making to factories in Korea and China, the house said. Its mobile phone mill in Mexicali closed in June.
The throng plans to increase production of refrigerators and electric ovens in Monterrey, Mexico, with the combining of gas oven manufacturing by the end of 2009, LG said. The reorganization will in fact distend the issue of workers LG has edifice LCD TVs in Mexico and lengthen the value of production there, the assembly said. LG will inaugurate US$100 million in the projects.
Although 500 jobs will be disoriented when the Mexicali LCD TV mill closes, novel assembly lines in Reynosa will insist 1,200 new employees, the performers said. The Monterrey refrigerator and oven factory will appoint 1,300 additional workers as well, LG said in a statement. LG did not judge how many workers at its Mexicali quick phone factory bewildered 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 closing year to advance together its five question units, regional headquarters and executives to control the plan.
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