Business Process Outsourcing News and Information

In an attempt to diminish overall expenditure, LG Electronics (SEO:066570) world's fifth largest liquid-crystal display television maker has at last, after much dilly dallying, has decided to outsource a good portion of the digital TV parts which it has been producing by its own since inception. Other than for domestic consumption, LG mostly has been producing a large chunk of its digital TVs overseas, where it can do away with much much lower costs. Off late, however, the management feels the small portion that has been manufactured at home can also be done away with.

LG Electronics has informed that it has concluded a outsourcing contract with a Taiwan TV firm. The outsourced firm will produce 500,000 LCD TVs per year which will broadly target U.S. market. LG sells its TVs by the name of brand Zenith in US which it acquired few years back.

Link 

To get News, views, analysis, joke, humor, even bitching of outsourcing world Subscribe here