BRIEF-Panasonic To Transfer Us And European TV Sales To China's Skyworth, Nikkei Reports

Reuters02-24

Feb 23 (Reuters) - Nikkei:

PANASONIC TO TRANSFER US AND EUROPEAN TV SALES TO CHINA'S SKYWORTH
PANASONIC WILL TRANSFER TELEVISION SALES OPERATIONS FOR NORTH AMERICA & EUROPE TO CHINESE APPLIANCE MAKER SKYWORTH GROUP THIS APRIL
IN OTHER ASIAN MARKETS, PANASONIC PLANS TO EXPLORE LOCALLY OPTIMIZED STRATEGIES, INCLUDING FURTHER POTENTIAL COLLABORATION WITH SKYWORTH
PANASONIC HOLDINGS LAYING OFF AROUND 12,000 EMPLOYEES WORLDWIDE

Further company coverage: 0751.HK

((Reuters.Briefs@thomsonreuters.com;))

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