Panasonic to lay off 700 workers, shut refrigeration unit in Singapore

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Electronics giant Panasonic is retrenching 700 employees in Singapore as it plans to cease manufacturing of refrigeration compressors here by the end of September 2022.

In response to media queries, Panasonic said about half of the affected workers are Singaporean and another 13 per cent are permanent residents. About 60 per cent of the workers are aged 50 or older, while another 30 per cent are between 30 and 50 years old.

Panasonic Appliances Refrigeration Devices Singapore, located in Bedok South Road, currently has 760 employees. With the closure of the unit, Panasonic will consolidate its compressor manufacturing operations to its facilities in Malacca in Malaysia and Wuxi in China.

 

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