South Korean panel maker "LG Display (LG Display)".

(Schematic, Reuters)

[Financial Channel/Comprehensive Report] South Korean panel maker "LG Display (LG Display)" has accepted employees' voluntary paid leave applications since January 25, and employees can take paid leave for up to 12 months.

According to comprehensive media reports, according to sources, the target of this implementation is all employees of LG Display’s South Korea office. Employees who apply for leave will be arranged to take a leave of at least 3 months and a maximum of 12 months according to the situation of the department. During the leave, the company will Pay employees 50% of their fixed wages.

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Sources said that employees who apply for voluntary leave need to go through the company's internal review. After judging whether it is suitable, the leave will be finally approved. It is expected that the overall number of employees on leave will be around 100.

The report pointed out that LG Display's implementation of voluntary paid leave for employees this time is the first self-rescue measure implemented since the company was founded in order to restore financial stability and improve personnel operational efficiency.

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