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Pantech Chairman to Step Down, Company Plans Furloughs

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Sep 25, 2013, 8:41 AM   by Eric M. Zeman

Park Byeong-yeop, the vice chairman of Pantech, announced today that he will resign from his post. Park founded Pantech in 1991 and served as its leader for more than a decade. He cited the company's poor smartphone sales performance in recent years as the reason for his departure. Further, Pantech is restructuring its finances and is asking 800 employees (about 25% of its total workforce) to take a voluntary six-month leave of absence. Verizon Wireless sells the Pantech Perception, an Android smartphone. It is one of the only Pantech devices to reach the U.S. this year.

more info at YonHap News »
more info at Engadget »

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While not all that interesting... arox413 Sep 26, 2013, 7:32 AM
 
 
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