Feeds

LG may axe up to 30% of overseas mobile staff

You remember, LG. Chaebol

Internet Security Threat Report 2014

LG Electronics may cut 20 to 30 per cent of its overseas mobile staff in a bid to reform the loss-making unit.

The Korea Economic Times cited sources as saying that the staff cuts would mostly affect marketing and purchasing personnel in the company's mobile business.

An LG spokesman told The Reg that the company doesn't comment on market speculation or rumour.

LG's foray into phones has not been a roaring success in the last two years, with the company reporting five successive quarters of losses as it loses out to rivals like Apple, HTC and RIM. Its second quarter results this year gave a loss of KRW54 billion ($49.8m), although this was almost half the damage of the quarter before.

The company replaced its chief executive and shook up its management last year after it reported a record loss in its handset business.

The chaebol has had similar problems to Nokia in the mobile world, having trouble coming up with a smartphone that can compete with the likes of the Jesus mobe. ®

Intelligent flash storage arrays

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.