Current Affairs Government scrambles to save troubled LG Philips Displays
For some 1,300 workers last week as well as the Czech government the suspension of production at the country's LG Philips Displays plant - the 2nd largest investment project in the country - came as a shock. With parent company LG Philips Displays Holding filing for bankruptcy, the obvious question was: would the subsidiary company follow suit? The Czech government - specifically the Ministry for Industry and Trade - has been trying to prevent just that.
Martin Kocourek
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