Panasonic is planning to have its production capacity for tv panels in 2013 to halve. Also will the Japanese electronics group’s plan to 17,000 jobs to delete a year earlier to run. Following its unexpectedly high losses.
In 2013 wants to Panasonic the production of panels to reduce from 13.8 million to 7.2 million units by existing production lines in Japan to close or merge, the Financial Times reports. Also see Panasonic af plans to be a part of the production of plasma display panels to China to move and the group wants the construction of low-end handsets outsourced to oems. There is also a line through the plans for solar panels to manufacture.
Panasonic continues to significantly cut into the staff; there must be in the coming year, 17,000 jobs disappear, approximately five percent of the total workforce. That is a year earlier than the company originally planned.
Reason for the restructuring at Panasonic are the poor results that the company’s book, especially on the tv market. The company has issued a warning that it is approaching a loss of approximately 3.8 billion dollars this year. Although Panasonic claims that it suffers from the expensive yen, analysts that the company far too much focus has been placed on the production of relatively expensive plasma tvs instead of lcd tvs. Also, would Panasonic have a hard time to compete with Chinese companies, and would suffer from the continued falling prices for panels.