Taiwan’s Chunghwa Picture Tubes to resume production at Taoyuan factories

The company announced Thursday that the LCD display factories will resume production within days

Taiwan News
Date: 2018/12/20
By: Duncan DeAeth, Taiwan News, Staff Writer

Chunghwa Picture Tubes chip for display panels (By Wikimedia Commons)

TAIPEI (Taiwan News) — Following the sudden shutdown of two Chunghwa Picture Tube factoriesin Taoyuan last weekend, the company has optimistically announced that production will resume within the next few days

On Dec. 20, a report from Apple Daily said that the factories would reach normal production levels by Dec. 24. The company has since issued a follow-up statement Thursday morning, stating that limited production of display panels would resume within the next 48 hours, and would quickly be back to normal levels.

After a court order to repay an outstanding loan on Dec. 13, the company abruptly suspended production at the Longtan and Yangmei factory locations in Taoyuan on Dec. 15 to formulate a plan for financial restructuring.

Reports said that nearly 1,000 employees in Taiwan who showed up for work on Saturday Dec. 15 were shocked by the shutdown and left wondering about their future employment.    [FULL  STORY]

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