Touch panel maker Wintek’s financial woes continue, as the company reported a 68% year on year fall in sales in November to NT$2.7 billion ($86.7 million), which was more than half the previous month’s total sales. November’s result brought sales for the year to date to NT$63.1 billion ($2 billion), down 8.4% from the corresponding period of last year.
In a filing to the Taiwan Stock Exchange, Wintek also announced a further restructuring of its business, with the loss of 610 jobs and said it could not rule out further job losses in the future. In September Wintek took steps to improve its finances after several months of falling sales (Display Monitor Vol 21 No 38). The company secured an extension for the repayment of bank loans and said it was also looking for a new injection of capital to finance its business.
