315 jobs go at LG Electronics01:00Saturday 19 August 2006THE LG Electronics plant in Newport, south Wales, is to close at the end of the year with the loss of 315 jobs.LG Electronics Wales, which builds computer monitors there, blamed falling prices.It is the only surviving LG factory on the site following a landmark investment in 1996, promising 6,000 jobs. Most failed to materialise.In a letter to workers, the firm's managing director said there had been a "great deal of speculation" about the plant's long-term future.Production lines had been cut by half but a return to profit "unfortunately has not materialised".Read more: http://www.scotsman.com/business/companies/tech/315-jobs-go-at-lg-electronics-1-1131636#ixzz40JBsMuRI Follow us: @TheScotsman on Twitter | TheScotsmanNewspaper on Facebook
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