BRATISLAVA, Feb. 28 -- South Korean industrial giant Samsung said Friday it would shut down its last remaining television production plant in Slovakia, its largest factory in Europe, threatening hundreds of jobs.

In 2018, Samsung shut down one of its two TV production plants located in Slovakia, merging it with the Galanta plant in the country's southwest.

Production at the Galanta plant, will be "phased out in several stages by May 2026", Jaroslav Zilka, vice president of Samsung Electronics Slovakia, told AFP.

The factory, which mainly manufactures LCD TVs, currently employs about 700 workers.

"The decision reflects broader structural changes in the global TV manufacturing market... One of the contributing factors is also the high e...