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Matsushita transfers North American and European TV sales business to Skyworth and announces global layoffs
Investing.com - According to Nikkei News on Monday, Panasonic will transfer its North American and European TV sales businesses to Chinese home appliance manufacturer Skyworth Group in April.
The report states that this Japanese electronics manufacturer plans to explore localization optimization strategies in other Asian markets, including further potential cooperation with Skyworth.
Nikkei News reports that Panasonic will lay off 12,000 employees worldwide.
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