LG Philips plant to resume operation Tuesday
The Czech Ministry for Trade & Industry has been taking steps to try and help LG Philips Displays, a plant in the region of eastern Moravia manufacturing TV screens, which shut down on Friday amidst financial difficulty. Until now, the plant has employed 1,300 people. Specialists say its permanent shutting down would have a devastating impact on the region. For now, operation is set to resume on Tuesday, with two out of three production lines running. For the long term: the Ministry for Trade & Industry is trying to work out a plan to save the factory, with options including securing an export loan from the Czech Export bank.