Panasonic to cut jobs and plasma TV panel production, report says
The Japanese electronics company will stop producing plasma panels at its Amagasaki No. 3 factory, the largest plant in the world that makes the glass screens that go into plasma televisions; the plant can manufacture 330,000 panels a month, Reuters reported, citing Japanese media. In addition, the company is also pondering whether to sell a liquid-crystal display panel factory in Chiba prefecture near Tokyo, the report said.
Panasonic also plans to slash several thousand jobs, according to the report. A Panasonic spokesman told Reuters that the company was weighing various routes for its TV business, but had nothing concrete to announce.
-- Shan Li
Photo: Visitors wearing 3D glasses watch a show on Panasonic Corp.'s Viera 3D television sets during the IFA consumer electronics fair in Berlin in September. Credit: Tim Fadek / Bloomberg