The Korea Economic Daily reported in its old Friday number that the layoffs mainly concerned animated marketing and purchasing resources and the closure of some loss-making outlets. The announce also said the company had comparable plans for its domestic mobile business. LG said the check in was groundless. "We are always looking at opportunities to revive the play of our mobile business but no finding has been made as to any job reductions," a LG spokesman said. LG, the world's No.3 handset maker, has recorded five consecutive four times a year losses from mechanical phone sales, with assassin contention pressuring the enterprise to outstrip its business. Shares in LG level 2.9 percent as of 0210 GMT, compared to the wider market's 0.4 percent drop. (Reporting by Miyoung Kim; Editing by Jonathan Hopfner).
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