Panasonic: restructuring aimed at making TVs profitable
TOKYO |
TOKYO (Reuters) - Panasonic Corp President Fumio Ohtsubo said on Monday that drastic restructuring in its loss-making television business was aimed at pulling the unit into profit in the year starting in April 2012.
In a briefing on corporate strategy, he also said that he wanted nearly half of the company's liquid-crystal display panel production to be used in non-TV products.
(Reporting by Isabel Reynolds; Editing by Chris Gallagher)
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