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LG Plans to Restructure

Nov 30, 2010, 11:08 AM by Eric M. Zeman

LG Electronics today said that it plans to reorganize its internal structure over the coming months. The most significant change is that LG will eliminate its Business Solutions Unit, which was responsible for selling monitors, hotel TVs and digital signs. This will leave four major units remaining — Home Appliance, Air-Conditioning and Energy, Home Entertainment, and Mobile Communications — each of which will also undergo changes. The plan follows LG's recent 99% drop in profits, according to its more recently quarterly filings, part of which can be attributed to waning interest in LG's handsets in the U.S. and European markets.

Wall Street Journal »

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Comments

This forum is closed.

This forum is closed.

slolearner

Nov 30, 2010, 3:37 PM

How many LG Quantums has our company sold?

A big fat goose egg. 🙄

JeffdaBeat

Nov 30, 2010, 12:32 PM

Here's hoping...

They stop making fuggin horrible phones...

tmorep03

ya lg hasnt come out with a phone that come close to as good as same the iphone, evo, or mytouch 4g.

flip mode

JeffdaBeat said:
They stop making fuggin horrible phones...

Here! Here!

I concur!

If you make garbage phones with lack of quality control, how can you expect huge profits for long or even at all. i admit at on...
(continues)

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