Panasonic Plans to Cut Plasma TV Panel Production and Jobs

Posted by at 7:24 pm on October 19, 2011

Reacting to a sluggish world TV market,  Panasonic plans to step down production of plasma TV panels and slash several thousands jobs, according to Reuters.

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.

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