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Panasonic Corp to Shut Hungary Solar Plant- Daily Tribune

Friday, 5 Jul 2013 08:00pm EDT 

Daily Tribune reported that Panasonic Corp will close its only European solar cell plant in Hungary, resulting in the loss of 550 jobs. The assembly factory in the city of Dorog will end production in September before its official closure in March, but the Company will maintain its overall global solar cell production level by moving the European workload to other solar cell factories in Japan and Malaysia. The decision came as the European solar cell market shrinks, partly due to cuts in government subsidies. 

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0.14 +1.07%
3:59pm EDT