Matsushita Electric Industrial

Type
Internal restructuring
Country
United Kingdom
Region
Wales; South East Wales; Cardiff and Vale of Glamorgan
Location of affected unit(s)
Cardiff
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
600 jobs
Number of planned job losses
Job loss
Announcement Date
24 January 2004
Employment effect (start)
1 January 2004
Foreseen end date
1 December 2004

Description

Matsushita Electric, which trades as Panasonic, announced that it intended to halt production of televisions and set-top boxes in Cardiff by the end of this year, with the loss of some 600 posts. The company blamed 'increasingly intense competition from global manufacturers and sharply falling prices'. Unions believe that the Cardiff jobs are to be exported to the Czech Republic.

Sources

  • 24 January 2004: The Guardian

Citation

Eurofound (2004), Matsushita Electric Industrial, Internal restructuring in United Kingdom, factsheet number 59327, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59327.