OLED panel maker Univision Technology has had its equipment seized by court order after it failed to settle overdue payments with suppliers, and the company has asked its employees to take leave while operations remain idle, according to the Chinese-language Commercial Times. The company, which has been unable to secure bank loans, will detail its future plans to its 600 employees, some of whom are expected to be laid off, the paper added.
Posted: Dec 21,2006 by Ron Mertens
