The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
600 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59327.
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