Tech & Biz

Pioneer slashes 10 000 jobs as it exits TV business

by TDH | February 12, 2009 at 12:34 pm

519 views | 1 Recommendation | 3 comments

Citing dismal prospects, Japanese gadget maker Pioneer has announced it is officially leaving the television business and, as a result, will be laying off 10 000 workers.

The Japanese manufacturer announced that it will stop producing TVs by March 2010, and instead focus on its existing car electronics and home audio-video lines.

As for the job cuts, the company will be cutting 6 000 full-time jobs around the world, accounting for a total of 16% of their workforce. The remaining cuts total 4 000 part-time workers.

Pioneer has sharply cut revenue forecasts for the year and now expects to make an operating loss of Y69bn, rather than Y17bn.

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skobay

at 23:54 on February 12th, 2009

I was expecting next-gen pioneer KUROs with cutting-edge 9mm thin and truly black contrast ratio(∞:1) PDP technology. I would like to buy one representing a respect to revolutionary technology and talented engineers.

PDP development team has moved to Panasonic though, in line with Pana's development team they should release a overwhelming KURO panels which the others cannot catch up, and collaborate with Pioneer TVset development team that owns expertise of picture tuning of cinema.

So Pioneer's withdrawal from TV business is unacceptable personally.

skobay has contributed a photo to this story.

John Kaduwanema (not verified)

at 00:49 on February 13th, 2009

What a shame and probably due to the international economic downturn. However I am relieved that the innovation in this home entertainment sector is still going strong.

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