Tuesday, March 03, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft launches Preview Program For Xbox 360
Khronos Reveals New Vulkan API for GPUs, AMD Kills Mantle
Sharp To Seek For A Second Bailout: Nikkei
Toshiba Develops STT-MRAM Circuit For High-performance Processors
Samsung Releases New Image Sensor and NFC IC For Mobile Devices
MWC: BlackBerry Unveils New Leap Smartphone
MWC: Zuckerberg Provides Update On Plan to Connect World
MWC: Panasonic Nubo Monitoring Camera Has 4G Connectivity
Active Discussions
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
need help on some cd burning...
 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
MWC: Panasonic Nubo Monitoring Camera Has 4G Connectivity
Panasonic Showcases VR Headset, Produces World's Largest Aspheric Lens
Panasonic Reports Third Quarter Dip
Panasonic LUMIX GF7 Camera Marries Selfie Functions with Classic Style
Panasonic Showcases 8K Display For B2B
Panasonic Showcases Next Generation Blu-ray Disc Player at CES 2015
Panasonic at CES 2015
Panasonic Expands Toughbook H2 Battery Recall in The United States
Panasonic Raises Profit Outlook
Panasonic AX800 4K ULTRA HD TVs Update Adds Compatibility With Netflix 4K Streaming
Panasonic Introduces Rugged 7-inch Android Tablet
Panasonic to Start Licensing Unified IP Core for HD-PLC

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .