Panasonic to Close Czech LCD Panel Factory, Hospodarske Reports

Panasonic Corp. (6752), Japan’s second- biggest TV maker, will close a factory producing LCD panels in the Czech Republic by the end of the year, Hospodarske Noviny reported, citing a spokeswoman for the plant.

All 615 employees at the factory will lose their jobs in a region where unemployment is already high, the newspaper said.

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.