Pioneer to Quit TV Business

Feb 12, 2009  •  Post A Comment

Pioneer said it will close its television division, withdrawing from the market by March 2010, after a slump in global electronics sales prompted the Tokyo-based company to widen its annual loss forecast, Bloomberg News reports. The company will cut 10,000 jobs, closing a plasma panel-making factory in the U.K. this month and another in the U.S. in April, the news service reports.
—Aimee Picchi

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