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 1,000 Jobs
Dec 12, 2005
 Printable format
 Email this Article
 Search

Matsushita Electric is to scale back its overseas mobile phone operations and cut more than 1,000 jobs. The Japanese maker of Panasonic branded products predicted a restructuring benefit of 7 billion yen (approx. U.S. $77 million) from the decision.

Matsushita will stop making current-generation mobile phones for overseas markets. Its resolution follows earlier decisions by other Japanese handset makers to trim overseas operations. Toshiba has pulled out of China and Mitsubishi Electric has scaled back in Europe.

Matsushita said it would close plants in the U.S. and the Philippines. But it would still persevere abroad with third-generation mobiles.

Analysts had criticized the design of Matsushita's overseas mobiles, and questioned its commitment to success, given relatively low advertising expenditure.

The company will retain plants in Britain and China, which will concentrate on third-generation phones. Matsushita's failure in the current-generation mobile market raises questions about its long-term mobile strategy.

Competition is fierce in the Japanese market, with a large number of producers and falling prices.

Japan's mobile phone manufacturers have responded by seeking business outside the country. The failure of Matsushita in overseas markets raises doubts about this as a long-term strategy.

However, Japanese companies may have a competitive advantage in the third-generation market. Almost half of Japan's mobile consumers use third-generation networks, whereas most other countries are in the early stages of 3G. (The Australian)

Back to Daily News

 

Daily News

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

Oct 21, 2014: AHRI Annual Meeting Registration Remains Open

Oct 20, 2014: Electrolux 3Q Operating Income up 29%

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: Corrected: AHRI Annual Meeting Registration Remains Open

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

More Daily News>>

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

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

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows