Panasonic Electronic Devices Slovakia to lay off 17.5% of its workers.

By bne IntelliNews January 21, 2011
Electronic producer Panasonic Electronic Devices Slovakia (PEDS) will lay off about 17.5% of its workers or 90 people, news agency SITA reported. The reduction of the staff reflects the decline in production of analog tuners. Miroslav Sochuliak, administrative director for PEDS, said that the production of increasingly popular digital tuners for TV sets was much simpler than the production of analog ones and the clients started to produce tuners themselves. This resulted in a 48% y/y drop in orders of tuners. PEDS tried to minimize the number of workers that would be lay off by extending existing productions and gaining new clients from the car and energy industries. Panasonic Electronic Devices Slovakia has two plants in Slovakia, in Stara Lubovna and in Trstena, northern Slovakia. It produces tuners for TV sets, wireless communication modules, power sources and control boards.

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