Panasonic Moved Its Factory from Thailand To Vietnam
Panasonic will close a large factory outside Bangkok – Thailand early this fall and move production to set up factory in Vietnam to get better production efficiency. Specifically, according to Nikkei, Panasonic’s factory in Bangkok will stop producing washing machines in September 2020 and refrigerators in October 2020. The plant itself will be closed in March 2021, a research and development center will also be closed. About 800 employees currently working at the factory in Bangkok will be laid off, but will also be recruited to new positions in the same business. By moving production to Vietnam, Panasonic will save a lot of costs. Panasonic’s factory in Vietnam is currently the largest refrigerator and washing machine manufacturing center in Southeast Asia, the plant’s production capacity has now exceeded the required threshold. This movement also reflects a new phase in manufacturing sector of Southeast Asia. Since the 1970s, Japanese electronics manufacturers have...