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Samsung SDI to end production of plasma display panels

Posted July. 24, 2014 04:38,   


Samsung SDI will receive applications for voluntary resignation from long-term employees on the occasion of suspending plasma display panels business at the end of November.

According to Samsung SDI Wednesday, applications for voluntary resignation are eligible to employees working for 20 years or more and who are aged 45 or over. The applications will be received centering the plasma display panel unit. Other employees can also apply. Those who voluntarily resign will be paid one-year annual salary and average 100 million won (97,652 U.S. dollars) of support money.

A company source said, "In the process of suspending the business, an overall manpower realignment has come necessary," adding, "Voluntary resignation is part of this process."

Those within and outside of Samsung Group are paying attention to whether manpower restructuring will proceed in other electronics parts affiliates including Samsung Display and Samsung Electro-Mechanics.