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Is Panasonic laying off employees in India?

  • 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.

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