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Japan's Panasonic to cut 800 jobs in Thailand, move some production to Vietnam next year

Thursday, May 21, 2020, 16:27 GMT+7
Japan's Panasonic to cut 800 jobs in Thailand, move some production to Vietnam next year
A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. Photo: Reuters

BANGKOK -- Japanese appliance-maker Panasonic Corp on Thursday said that next year it will move its Thai-based production of refrigerators and washing machines to Vietnam, laying off some 800 workers.

“Panasonic will reorganize its white goods production sites in Southeast Asia, and transfer the production of washing machines and refrigerators in Thailand to Vietnam,” the company said in an statement emailed to Reuters.

Panasonic will dismiss about 800 workers in Thailand, a company spokeswoman told Reuters, adding that the move is part of its plan to improve cost efficiency.

Panasonic would try to place some of the workers in other jobs based on their qualifications, the spokeswoman said.

Panasonic will dismiss about 800 workers in Thailand, a company spokeswoman told Reuters, adding that the move is part of its plan to improve cost efficiency.

Panasonic would try to place some of the workers in other jobs based on their qualifications, the spokeswoman said.

Reuters

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