(GSM Insider) - LG Mobile Denies Quitting China Market, Five More Devices Coming On February 2013
There are rumours stated that LG Mobile set to quit China market due to low growth, but LG Mobile denies the rumours. LG Mobile stated that they need new plans and rebuilding plans instead of quitting the Chinese market.
According to LG exec, LG Mobile on its way to rebuild the company in order to perform in Chinese market. He added that LG Mobile set to bring five new devices to the China market on February 2013. However, not much details available to-date.
News from China stated that 26 offices around China already released stated to lay off its employees. At the moment, LG Electronics has 12 plants in China with more than 30,000 employees.
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