Japanese electronics giant Panasonic Corp on Thursday said it will stop making lithium-ion batteries at its factory in Beijing this month, cutting 1,300 jobs as part of a move to focus on higher-margin products such as electric car batteries.
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.
Bad news,hope the 1300people get new work
Our Pornosanic Company motto: Saving World lots Money. Not hiring Engrish Guy!
In Russia Panasonic frequently is called Pornoslonik.
Pornosanic? Fap, fap, fap... ?
Last long time, almost(but not always!) no exploding in camera :-)
Camera batteries are pretty high margin, but maybe more people are buying third party ones!
They probably just don't want to tell the true reasons.
True reason is that in Thailand and other countries you can get people for cheap :-)
What a weird world we live in where a plant producing batteries is said to be specialized in batteries for "simple mobile phones and digital cameras", as in contrast to "smartphones", while the battery technology and chemistry is the same for all of them. They probably just don't want to tell the true reasons.
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