South Korea`s Samsung Electronics said on Saturday that it would consolidate its TV production plants in Slovakia, closing one of the two facilities in the European country.
Samsung has two assembly plants in Slovakia - at Galanta and Voderady - primarily making LCD TVs.
Samsung said combining the two plants was to improve efficiency. All workers at the Voderady plant would be offered the chance to move to Galanta on a voluntary basis with equal working condition, the company said.
TRENDING NOW

Assembly Election 2023 Results Update: PM Modi congratulates voters for Assembly wins in MP, Chhattisgarh, Rajasthan

Assembly Election 2023 Results Update: MPs who win assembly polls have to quit one seat in 14 days, says Expert

Mizoram Election Results 2023 Live Updates: MNF, ZPM locked in close fight; counting of votes to begin at 8 am on Monday

Telangana Election Result 2023: Congress wins from Jukkal and Medak, BRS nets Quthbullapur constituency

Madhya Pradesh Results 2023: If not Shivraj Singh, then who can be Chief Minister of Madhya Pradesh?

BJP's saffron storms Congress away in MP, Rajasthan and Chhattisgarh; Congress upstages BRS in Telangana
"Samsung Electronics is consolidating its production facilities in Voderady and Galanta in order to enhance its synergy and efficiency, " it said in an emailed statement.
The announcement followed a local media report in Slovakia that the South Korean electronic giant would close one of the plants and all 568 core employees would be offered a transfer to another facility.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
07:50 am