LG Display seeks job cuts amid mounting financial losses

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LG Display seeks job cuts amid mounting financial losses
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South Korea's LG Display Co Ltd on Tuesday announced a voluntar...

FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo

News of the possible job cuts came a day after the company, which supplies display screens supplier to Apple , announced Chief Executive Han Sang-beom had stepped down following an emergency board meeting. LG Display has been struggling with a global supply glut in liquid-crystal displays used in television sets, which has pushed down prices.

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