Hitachi Shuts Czech TV Plant TV, Lays Off 800
Mar 31, 2009
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Hitachi Ltd. will close its flat-panel television factory in the Czech Republic amid slumping demand.

The company will end operations at the plant this month, laying off all 800 employees, according to a Bloomberg News report. The factory has been in operation less than two years. The company will continue to sell televisions in European and is considering alternative supply routes, the report said.

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