OSAKA -- Panasonic will shut down a large appliance factory outside Bangkok as early as this fall and consolidate production to a larger facility in Vietnam for greater efficiency, Nikkei has learned.
Factory near Bangkok will be shuttered in cost-cutting effort
Panasonic aims to cut $930 million in costs by the year ending March 2022. © Reuters
OSAKA -- Panasonic will shut down a large appliance factory outside Bangkok as early as this fall and consolidate production to a larger facility in Vietnam for greater efficiency, Nikkei has learned.