Pioneer

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
10,000 jobs
Number of planned job losses
Job loss
Announcement Date
13 February 2009
Employment effect (start)
Foreseen end date

Description

Japan-based Pioneer, one of the biggest home electronics producers, is to cut 6,000 permanent and 4,000 temporary jobs worldwide due to the global financial crisis. Pioneer announced that it would terminate flat screen TV production. The company currently employs 36,900 people worldwide. As of February 2009, there is no information on when job losses are to be implemented by.

Sources

  • 13 February 2009: Hospodárske noviny

Citation

Eurofound (2009), Pioneer, Internal restructuring in World, factsheet number 68151, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68151.