Thursday, April 27, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
FCC Proposes to Roll Back Regulation of the Internet
Twitter's Revenue Drops Despite User Growth
Western Digital Ships Fourth-Generation Ultrastar He12 12TB Hard Drive
Verizon's Latest Unlimited Data Plan Costs $80
LG Display Posts Record Earnings on OLED TV Sales
Google co-founder Sergey Brin Is Building Airship
Uber Faces New Setback In South Korea
Uber Takes to The Skies With Flying Taxis by 2020
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 the Toughbook CF-33 2-in-1
Panasonic Brings High Contrast Transparent Screen to Market
Panasonic Develops First Organic CMOS Image Sensor With Electrically Controllable Near-Infrared Light Sensitivity
Terahertz Wireless Allows Data Transfer 10 Times Faster Than 5G
U.S. Authorities Probe Panasonic's Avionics Business
Panasonic To Partner With UMC To Produce ReRAM
Panasonic Develops Flexible battery Small Enough To be Embedded into Credit Cards
Panasonic Joins The OLED TV Camp, Showcases Head-mounted Display
Panasonic Demonstrates "Companion" Robot at CES
CES: Panasonic Launches Flagship Lumix DMC-GH5, DMC-FZ80 And The Mirrorless DMC-GX850
Panasonic Unveils New Ultra HD Blu-ray Players
Tesla and Panasonic Will Begin Manufacturing Solar Cells and Modules in Buffalo

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .