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Pioneer quitting TV Business in 2010 and cuts 10,000 Employees
Feb 12 2009, 3:00am CST | by Luigi Lugmayr
The recent rumor that Pioneer would stop making TVs turned out to be true. Pioneer will exit the TV business by March 2010. To battle the losses Pioneer also announced plans to cut 10,000 employees, which amounts to about 16% of its workforce.
That is the end of the exceptional Pioneer Plasma HDTVs.
I am not sure if Pioneer can turn a corner with focusing on Audio and car entertainment. Only time will tell.
Via Bloomberg and Reuters.
where to buy
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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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