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LG Electronics decides to shut down its mobile business after 26 years of operation

LG전자 모바일사업 철수 결정 … 사업 26년만

South Korea’s tech titan LG Electronics has actually determined to close down its mobile business permanently.
After running the system for 26 years, … the board picked Monday to entirely pull the plug on its mobile phone department.
Yet the business stated it would maintain employment of approximately three-thousand-seven-hundred employees that will certainly be redeployed to other departments.
It said the abandonment resulted from strong competitors as well as the continued decline in the smart phone maker’s sales.
LG Electronics supposedly sought to market the money-losing system but did not make much development in arrangements.
Its mobile phone organization has not made an earnings for 23 quarters in a row given that 2015.

#LG #Economy #mobile _ service.

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2021-04-05, 12:00 (KST).

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