LG to open new European headquarters in Eschborn, Germany
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LG Electronics (LG) will open its new European headquarters in Eschborn, Germany starting late this year. The manufacturer announced in April that it would be merging its European offices in Britain with its German branch and any employees who would be willing to make the move would retain their respective jobs from within the company. The new headquarters previously belonged to Vodafone and includes 9500 square meters of office space.
LG executives will first make the jump to Eschborn come Q4 2016 with employees to follow until Spring 2017 when the transfers are expected to be completed. About 300 employees will occupy the new offices and LG has revealed that the transfer would involve no job cuts. The manufacturer has also made it clear that this move is unrelated to Brexit and was in fact announced ahead of the country's decision to exit the EU.
As for why LG is choosing to move its regional headquarters to Germany, the company provided the following reasons: A strong German market, good transportation options, and an outstanding infrastructure. In addition, the close proximity of Eschborn to Frankfurt provides easy opportunities for conferences and faster services for both its employees and customers.