Troubled flat panel maker to dismiss 2,100 employees

Taiwan News
Date: 2019/08/29
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Just hours after denying media reports, the Tatung Group’s troubled Chunghwa Picture Tubes Ltd. (CPT, 中華映管) announced Thursday (August 29) evening that it would lay off all of its 2,100 employees and later re-employ them if necessary.

The flat panel maker, founded in 1971, has been going through months of restructuring with rumors of total collapse and massive layoffs surfacing again and again.

Earlier in the day, the company still said that no decision about its future had been reached after media reported that it was planning to keep only 50 of its more than 2,100 current employees.

After the stock market closed, CPT said it would dismiss all of its staff in a measure to take effect after 60 days, but it would take former workers back on if the need arose, the Central News Agency reported.    [FULL  STORY]