Jump to content
House Price Crash Forum
Sign in to follow this  
AvidFan

More Job Losses In The Uk

Recommended Posts

http://www.forbes.com/home_asia/feeds/afx/...afx2976227.html

Matsushita Electric to liquidate UK unit as part of rationalisation program

08.28.2006, 05:10 AM

TOKYO (XFN-ASIA) - Matsushita Electric Industrial Co Ltd said it has decided to liquidate a wholly-owned UK unit which makes speakers for car audio systems as part of efforts to rationalise production at its electronic device operations amid a continuing fall in prices.

Panasonic Electronic Devices UK, a wholly-owned unit of Panasonic Electronic Devices, will be liquidated at the end of this year, the company said.

Matsushita Electric said the move is expected to make only a minor impact on its year to March 2007 profit forecast.

Panasonic Electronic Device UK, which employs 242 workers, incurred net losses in the year to March 2004 and again in the year to March 2005.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.