LG Planned layoffs 10% Employees

LG Planned layoffs 10% Employees - Employees in the mobile phone division will be reduced 30% if the LG failed in the battle of smartphones. Such success could not sell their products in bulk LG will cut the amount of resources manuasianya.

Reuter reported so but LG has denied the news at once argued the decision was not taken.

"We are always looking for opportunities to improve the performance of our mobile business and there has been no decision about the reduction in the number of employees," said LG.

Although to be one of the world's largest company, LG continues to lose money in the sector. Korean manufacturer losses reached 30 million pounds that is poured in the financial results recently.

LG will cut elements that perform poorly and failed in the market. An example is the LG Optimus 3D is cool and very powerful smartphone, but instead there was no response from the market apps to exploit its 3D capabilities.

LG might have to retreat for a moment and generate fresh ideas that can make a splashy world market. For example, like a cell phone watches. It makes perfect sense if the gadget is going to succeed in the world market.