Panasonic – 1,300 jobs cut in Beijing

Electronics giant Panasonic on Thursday said it will stop making lithium-ion batteries and will shut down the factory that produces the batteries in Beijing.

The company will cut 1,300 jobs as it aims to produce higher-grossing items such as electric car batteries. The plant has been open for 15 years and produces batteries for simple mobile phones and digital cameras. Both of those devices have been swept under the rug in most parts of the world because of the emergence of smartphones.

Chosen excerpts by Job Market Monitor. Read the whole story at Panasonic Is Cutting 1,300 Jobs In Beijing