SINGAPORE/OSAKA -- Panasonic has decided to eliminate hundreds of jobs at home and abroad as part of a wide-ranging restructuring in response to lackluster earnings.
The Osaka-based technology group said Thursday that it will cease production of refrigeration compressors in Singapore by the end of September 2022. This will affect 700 workers, or roughly a third of the head count in the city-state. The manufacturing capacity will be moved to existing plants in Malaysia's Malacca and China's Wuxi.
