Panasonic to close China battery factory, slash 1,300 workers (dpa German Press Agency)

Tokyo (dpa) – Panasonic Corps plans to end production at its
lithium-ion battery plant in Beijing next week, laying off 1,300
employees, a report said Thursday.

The Japanese consumer electronics giant plans to close the factory in
September, the Nikkei business daily reported without citing any

The plant has been producing batteries for mobile phones and digital
cameras mainly for non-Japanese manufacturers, but its profitability
has been falling due to fierce competition with South Korean rivals,
the paper said.

Panasonic will focus on batteries such as those for vehicles and
industrial equipment, moving away from home electronics batteries,
the paper said.