LayoffBlog.com

February 13, 2009

Pioneer to exit plasma displays, lay off 10,000 workers

Hit by expectations of further financial losses, Pioneer Corp. has announced 10,000 job cuts, plant closings in the US and UK, and plans to leave the plasma display market. Job cuts will include 6,000 full-time salaried employees and 4,000 contract workers both in Japan and other countries.

In a move resulting in some 350 job layoffs, the company will shut down two overseas plasma display assembly plants, located in Pomona, California, and Castleford, Britain. Pioneer plans to exit the plasma display business entirely by March of this year, according to wire reports.

Source: betanews.com

1 Comment »

  1. The Japanese industy is in an even worse condition than ours. High Tech Companies are more vertically integrated and this suffering most from production slowdowns due to market demand.

    Comment by myphotoscout — February 13, 2009 @ 2:21 pm | Reply


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