Feeds

LG may axe up to 30% of overseas mobile staff

You remember, LG. Chaebol

Next gen security for virtualised datacentres

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. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?