Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Matsushita to Cut Jobs in Digital Electronics Operations
Jan 25, 2005
 Printable format
 Email this Article
 Search

Matsushita Electric Industrial Co, a major consumer electronics firm, plans to trim about 1,000 jobs in its digital electronics operations in Japan, one of its core businesses, the Nihon Keizai Shimbun reported without citing sources.

The division generates 40 percent of its group revenue, according to the report.
By reducing the number of its excess jobs and scaling down output of unprofitable products, Matsushita aims to accelerate its shift in focus to growth areas such as flat-panel televisions, the financial daily said.

The company also plans to better prepare itself for anticipated changes in the digital electronics market, such as price declines and intensified competition. Matsushita will also step up its efforts to develop and produce plasma TVs, digital cameras, and other items to catch up with growing global demand.

The company plans to enhance production efficiency for plasma TVs by bringing onstream a panel factory in Japan in November 2005, and will likely improve efficiency of digital camera development through an alliance with Olympus Corp, according to the report. (AFX)

Back to Daily News

 

Daily News

...........................................................

Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows