Pioneer will abandon television and 10 000 jobs

The undisputed specialist Pioneer plasma will cease the manufacture of flat screens. Particularly impacted by the economic crisis, the Japanese company now provides record a net loss of $ 1.4 billion for the current fiscal year and is accordingly more drastic measures. Sales are expected to decline by 28% over last year to reach 6 billion.

The English and American factories manufacturing screens and close respectively in February and April, bringing with them 10000 to 36900 employees and temporary staff working on various activities in the world, especially in terms of its structures , its administrative and research and development. The restructuring plan of the payroll for its part should be completed in March 2010, but Pioneer promises to honor its commitments in terms of guarantees and after sale.

The Japanese manufacturer will focus on audio products, the DJ equipment and on-board electronics (car).


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