Tuesday, September 27, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
ARM Unveiled New On-chip Interconnect Technology
AMD Brings The Power Of Polaris To Embedded With New Radeon E9260 and E9550 GPUs
Toshiba Introduces the Value-oriented OCZ TL100 SATA SSD Series
Xiaomi Mi 5S Plus Guns for Apple
Samsung Says Global Replacement Program for Galaxy Note7 Has Made Progress
NXP Says New ARM Cortex-A7 Processor Is The Industry's Lowest Power
YouTube Go App Lets You Watch Videos Offline
Disney Working On Potential Twitter Bid: report
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Panason...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, December 09, 2005
Panasonic Revamps Cellphone Business


Japan's Matsushita Electric Industrial, maker of the Panasonic brand, announced up to 1,400 layoffs with the Philippines bearing the brunt of the cuts as it scales down its output of mobile handsets.

The group said it planned to stop making GSM cellphones and concentrate on new third-generation (3G) handsets.

Amid fierce competition in the mobile market, Matsushita aims to cut costs by unifying its platforms and core technologies for Japan and overseas.

"We've operated GSM manufacturing since 1992, but the situation has become severe due to increasing competition and declining prices," group president Yoshiaki Kushiki told reporters.

"We have to focus on the domestic operation, which is the development of products with more advanced features, and this has led us to downsize the overseas operations."

More than half of the job cuts will be made in the Philippines with the closure of a Panasonic factory employing 842 people producing GSM handsets in the Province of Laguna south of Manila.

Production at a site in the Czech Republic at Pardubice-Stare which has 210 workers will also be axed.

The electronics giant will also focus on a Linux operating system-based global platform, resulting in the closure of research and development operations in Georgia, the United States as well as in Berkshire, Britain.

A further site in Beijing will switch from GSM handset production to 3G.

All together up to about 1,400 jobs will be lost though the exact number has not yet been decided, Kushiki said.

The group estimates the cost of the restructuring to be about 10 billion yen (83 million dollars) and expects benefits of about seven billion yen.

Japan's electronic goods giants, including other leading names such as Sony and Pioneer, are struggling in the face of a fierce price war in markets such as mobile telephones, televisions and DVD recorders.

Earlier restructuring measures helped Matsushita grow its net profit by a third in the three months to September to 30.96 billion yen (271.5 million dollars). Sales were flat at 2.21 trillion yen.

Matsushita expects a full year net profit of 110 billion yen.


Previous
Next
Microsoft's Plans For sub-$300 PDA Passes Through Taiwan        All News        Research Team Develops Core Technologies For Re RAM
Microsoft's Plans For sub-$300 PDA Passes Through Taiwan     Mobiles News      Fraunhofer Institute to Leverage Processor Core for Handheld Multimedia Applications

Get RSS feed Easy Print E-Mail this Message

Related News
Panasonic Releases New LUMIX Cameras Including The 6K LUMIX GH5
NHK Join Forces With Panasonic And Sony To Win The 8K TV Race
Nissan Said to Exit Battery Business
Panasonic To Pay 129 Million Euros Fine Over Cathode Ray Tube Price Fixing Case
Panasonic Unveils 8K Ultra-bright Images Created by Four 4K Projectors
Panasonic LUMIX GX85 Packs High Image Quality In a Compact Body
Panasonic Develops Secong Generation Freeze-ray Optical Disc-Based Data Archive System
Panasonic Announces Two New Rugged Smartphones
Panasonic At CES 2016
Panasonic And Facebook Develop Optical Disc-Based Data Archive System For Data Centers
Panasonic Develops Single Cable and Connector Solution for Transmission of 8K Video Signals
Panasonic Develops Resin Film For Stretchable Electronics

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .