Taipei Times
Date: Jul 03, 2018
By: Ted Chen  /  Staff reporter

HTC Corp (宏達電) yesterday announced that it would lay off 1,500 employees in its smartphone manufacturing department as part of its restructuring plan.

The job cuts, representing 23 percent of the company’s workforce, which numbered 6,450 at the end of last month, are to be completed by September.

The company is constantly adjusting its manufacturing capacity in response to changing market trends and seasonality to enhance its competitiveness and operating efficiency, it said in a filing with the Taiwan Stock Exchange.

The layoffs are part of the company’s long-term efforts to focus on production innovation, as well as introduce automation and smart manufacturing technologies, the former smartphone titan said.    [FULL  STORY]