Panasonic is exiting the Indian refrigerator and washing machine markets, leading to a restructuring and layoffs at its Jhajjar plant in Haryana.
The exact number of employees to be laid off has not been officially disclosed yet.
The company will shift focus to home automation, energy solutions, ventilation and cooling, electrical, B2B solutions, and other future growth segments.
Panasonic will assist dealers in liquidating stocks and continue customer support and service; the Jhajjar plant may be used for manufacturing for other brands on contract.