Panasonic to shut battery factory - 27-08-2015
- The 15-year-old plant produces batteries for simple mobile phones and digital cameras, both of which are being increasingly overtaken by smartphones in popularity.
"The global market for these products has been shrinking," Panasonic spokeswoman Yayoi Watanabe said, adding the closure was more about global technology trends rather than the recent turmoil that has battered Chinese markets. Employees were informed of the closure in late July, she said.
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