LG predicts a 20% drop for 2009, but not goodbye

6:48 AM Edited by Blony

LG, the third manufacturer worldwide, has reorganized its divisions on the basis of a plan to reduce its operating costs by about U.S. $ 2,200 million and reported that it expects a 20% drop in sales this year.

Other manufacturers are shedding employees, but Eastern culture clearly prevents this, we opt for buyout or early retirement, the same strategy that has just announced the Finnish Nokia, not fired, but called them off about 1,000 employees.