Reported 8 months ago
TVBS News reported on June 24, 2024, that major tech company Sumitomo Chemical announced a global layoff of 4,000 employees due to a loss of 648 billion NTD. The company plans to reduce polarizer production capacity and shut down one production line at its Tainan factory, halting all production. This decision was influenced by a decrease in TV demand, increased production by Chinese manufacturers, and a significant impact on sales. Despite this, Nanko, a key player in LCD polarizer components, clarified that operations at Sublimation in Taiwan remain normal despite the transformation plan by Sumitomo Chemical's subsidiary.}
Source: YAHOO