Panasonic to shift mobile handset production abroad: Nikkei

Japanese electronics giant Panasonic Corp is expected to shift all production of its mobile phone handsets abroad as early as this summer as it looks to re-enter overseas markets this fiscal year, the Nikkei daily said on Sunday.

The production shake-up comes after the struggling company named the head of its loss-making TV business, Kazuhiro Tsuga, 55, as its new president in February.

Read details: Reuters

Posted in: Business, Japan, Nikkei, Panasonic