Panasonic

Type
Offshoring/Delocalisation
Country
United Kingdom
Region
Wales; South East Wales; Monmouthshire and Newport
Location of affected unit(s)
Newport
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
New offshoring locations
Vietnam
164 jobs
Number of planned job losses
Job loss
Announcement Date
2 March 2012
Employment effect (start)
Foreseen end date
30 September 2012

Description

Japanese domestic appliance manufacturer Panasonic has announced that it is moving 164 jobs from Newport to Vietnam by the end of September. The company produces telecommunications equipment in Newport. The company blamed weak demand and an increasingly competitive market for the move.

Newport will remain the company's European customer support center retaining 90 employees.

Sources

  • 2 March 2012: BBC Website

Citation

Eurofound (2012), Panasonic, Offshoring/Delocalisation in United Kingdom, factsheet number 73222, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73222.