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Latest News

LG Philips Displays to close plants

by Personnel Today 23 May 2003
by Personnel Today 23 May 2003

LG
Philips Displays is closing plants in Wales and England, at the cost of 941
jobs.

At
Newport, 870 jobs will be lost when production ceases in the middle of August,
while 71 jobs will go at Southport when that plant closes at the end of this
year or early in 2004.

The
company said the decision was based on business and economic conditions,
characterised by an increasingly competitive and consolidating industry.

Phil
Styles, general manager of manufacturing at Newport, said: “The decision to
close was made with great regret and is based solely on the continuing adverse
business situation. It in no way reflects on the performance of the employees
at the plant, who have worked hard and demonstrated considerable commitment
over these past five years.”

LG Philips
Displays said it is committed to help employees develop skills and
opportunities to find new jobs.

By Quentin Reade

 

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Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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