The smartphone manufacturer LG and Samsung in Argentina wants to leave the country

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The multinational company Brightstar, in charge of manufacturing smartphones for LG Y Samsung in Tierra del Fuego, it announced that it is looking for a buyer or strategic partner for its operations in Argentina.

It should be noted that this change in strategy may be related to the recent sale of 75% of Brightstar by the Japanese giant Softbank.

With new shareholders on board, the company is reviewing its global operations and decided to withdraw its investment from some of its business units such as manufacturing and to focus on services.

This decision implied changes in Latin American countries in which Argentina is now joining, which is currently mired in a currency crisis that affects operations for all items that require imports, whether raw materials or final products.

According to a report by The nation, company sources confirmed that they are looking for “alternatives for an orderly transition without impacts at the productive level, job positions or supply to the market”, although this speech is probably marked by the strong look that the company would be receiving from its elders contractors like LG and Samsung.

The report mentions a potential buyer in an advanced stage of negotiation. The Mirgor group, which already manufactures TVs and cell phones for Samsung among other products, would be close to closing the transfer, with the condition of maintaining the roster of more than 500 current Brightstar employees.

Source: The nation


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