Brief: LG To Exit Global Solar Panel Business

LG

23/02/2022 01:03

Feb 22 (Reuters) - LG ELECTRONICS USA:
    * LG TO EXIT GLOBAL SOLAR PANEL BUSINESS
    * PANEL PRODUCTION THERE IS EXPECTED TO CONTINUE INTO Q2
    * CHANGE IN BUSINESS STRATEGY WILL IMPACT ABOUT 160
EMPLOYEES AND
ABOUT 60 CONTRACT WORKERS AT LG'S CORPORATE CAMPUS IN HUNTSVILLE
    * SOLAR PANEL DECISION DOES NOT AFFECT LG'S OTHER EXTENSIVE
OPERATIONS IN HUNTSVILLE
    * EMPLOYEES NOT  CONTINUING WITH LG WILL BE OFFERED
TRANSITION
SUPPORT & SEVERANCE PACKAGES COMMENSURATE WITH THEIR TENURE WITH
CO

Source text for Eikon:  ID:nPn3NcJ7Ha 
Further company coverage:  003550.KS 

 ((Reuters.Briefs@thomsonreuters.com;))