Panasonic announced the closing of plants and continued restructuring due to tough competition in the TV market. A sign of the shifting in high tech that keeps us all on our toes. 
"A high yen, intense global competition—particularly from South Korean firms—and falling retail prices of televisions have left Japanese manufacturers unable to earn profits by making televisions, the Yomiuri said."
http://www.japantoday.com/category/business/view/panasonic-to-trim-tv-business-cut-1000-jobs
 


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