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Pioneer to Restructure Plasma TV Operations and Cut Jobs
May 14, 2008
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Pioneer Corp. plans to cut 2000 jobs as it restructures its plasma television operations in an effort to return to profit. The job losses in Japan and overseas, which are expected to be implemented in the current fiscal year to next March, follow the company’s decision in March to stop making plasma display panels.Instead it will buy them from Matsushita Electrical Industrial Co. It will also transfer about 200 researchers and engineers involved in the plasma operations to Matsushita.

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