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High Ranking Executives Of Innolux To Cut Their Salary As Part Of New Measure

Innolux Corporation’s executive officer, the president of the company and other high ranking executives offered and will see their salary cut and less 10% to 15%. This shows their determination to turn the unprofitable company for new measures.

The LCD panel maker company had recorded their worst loss of NT$3.73 billion in three manufacturing years. Other employees will retain their salary and possibly see the annual wage hike on August if approved by the government.

“The pay cuts mean that we are determined to take responsibility to help the company play a bigger role (in the display market) and build a stronger position,” according Innolux chairman said in the statement.

Huawei to become an indirect client of Innolux that implies thinner profits. Innolux continues to explore feasilbility of collaborating with Chinese panel makers to supply LCD to clients from operation to avoid heavy tariffs from the US-China trade war.


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