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.
Wales; West Wales and The Valleys; Bridgend and Neath Port Talbot
Location of affected unit(s)
Panasonic Electronic Devices, Port Talbot.
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
250 jobs Number of planned job losses
Announcement Date
17 March 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
Panasonic Electronic Devices, a company which makes audio speakers for cars, is to shut its factory at Port Talbot with the loss of 250 jobs. Staff at the Panasonic Electronic Devices were told on Friday that increasing competition and price pressure had led to significant losses. Panasonic said it planned to close the plant by the end of the year, but said it was too early to say if some staff could be transferred to other sites. The company has now begun a 90-day consultation period with employees and the unions. Cath Speight, regional secretary with Amicus, said the plant had made huge strides in efficiency, productivity and quality over the past 18 months. She said that they were "very disappointed" and would work with the company to try to reverse the decision and save as many jobs a possible.
Sources
Citation
Eurofound (2006), Panasonic Electronic Devices, Closure in United Kingdom, factsheet number 63216, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63216.
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