LG’s cellular enterprise is in a foul spot. Initially, it was reported that resulting from steady quarterly loss after loss,. Nevertheless, negotiations between LG and Germany’s Volkswagen AG, in addition to Vietnam’s Vingroup JSC haven’t panned out. For LG smartphone followers, that’s not good.
With all the, it seems that LG could certainly shut down the cellular enterprise fully, with a plan to inform staff of this resolution as early as April. We hope these affected are capable of finding work rapidly inside LG or at completely different corporations.
LG itself hasn’t made any of this info official and no feedback have been supplied. It’s nonetheless potential for a sale to happen, however it’s seeming unlikely within the timeframe LG would wish.
We’ll preserve you posted, however proper now, it ain’t wanting good.