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Chunghwa Picture Tubes To Layoff All Of Its 2,100 Employees

Taiwan-based flat panels maker, Chunghwa Picture Tubes Ltd. announced that it will lay off all of its 2,100 employees that will take effect in the next 60 days, reported by Central News Agency.

Chunghwa Picture Tubes Ltd headquarters in Taoyuan have released the troubled announcement after the local court had rejected its restructuring plans.

The company has no choice but to layoff all of its staff, with its customers and investors had lost confidence in the company and the orders just dropped to zero.

Chunghwa Picture Tubes used to be the No. 1 flat panel maker in Taiwan. The comoany just filed bankcruptcy in December 2018 following a huge financial losses over the years.


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