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 26.30 - Manufacture of communication equipment
New offshoring locations
Vietnam
164 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73222.
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