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Company News >> LG Display plans to cut 65% of its production staff through “voluntary retirement”
According to foreign media reports, on September 29, a spokesman for LG Display confirmed that since its establishment, the company will lay off employees for the first time by suggesting employees to voluntarily retire.


LG Display plans to receive about 65% of its employees' voluntary layoffs in October. The target size of voluntary layoffs has not yet been determined.


The spokesperson said that the driving force of the voluntary retirement plan comes from automation, and the company's business will shift from LCD screen to OLED screen, resulting in fewer production staff, and the company will ensure competitiveness by adding R&D personnel and engineers.


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