3300 LG Phone Staff Ending in July, Reassignment Completed... 600 Transferred to Affiliates
The LG Twin Towers in Yeouido, Seoul, where LG Electronics' headquarters is located, on the 2nd, as LG Electronics' exit from the smartphone business is imminent. Photo by Mun Honam munonam@
View original image[Asia Economy Reporter Koo Eun-mo] LG Electronics, which will completely withdraw from the smartphone business by the end of July, is reported to have recently completed the reassignment of personnel belonging to the MC Business Division that had been underway since last April.
According to LG Electronics and LG Group on the 15th, out of approximately 3,300 employees in the MC Business Division, about 600, accounting for 18%, have moved to LG Group affiliates.
Specifically, about half of them, around 300, joined LG Energy Solution, which was spun off from LG Chem at the end of last year, as research personnel and others, while the remaining 300 were assigned to LG Uplus, LG Display, LG Innotek, and LX Semicon (formerly Silicon Works). It is known that the newly established company LG Energy Solution filled a significant portion of its shortage of personnel, which originally needed to be hired through experienced recruitment, with personnel transferred from the MC Business Division.
About 2,700 people, accounting for 82% of the subjects, were reassigned within LG Electronics. Between 300 and 500 were added to general business divisions, with the largest number moving to the Home Appliance & Air Solution (H&A) division, which has the best business performance. Approximately 800 people, including after-sales service support personnel, moved to the CTO (Chief Technology Office) division responsible for research and development. LG Magna e-Powertrain, an electric vehicle powertrain joint venture launched this month, welcomed 50 employees from the MC Business Division as new staff.
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During this personnel reassignment, LG Electronics conducted the recruitment process as it does for experienced hires. For general office workers, employees were allowed to apply for up to six preferred job positions to reflect their job competencies and personal preferences. To facilitate this, LG Electronics analyzed the manpower demand of other business divisions and affiliated companies within LG Electronics.
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