EMCC European Monitoring Centre on Change

Pioneer

Company/Organisation:
Pioneer

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 36900

Employment Effects

Announcement Date: 13-02-2009
Planned Job Reductions min: 10000
Planned Job Reductions max: 10000
Type of Restructuring: Internal restructuring

Additional Information

Japan-based Pioneer, one of the biggest home electronics producers, is to cut 6,000 permanent and 4,000 temporary jobs worldwide due to the global financial crisis. Pioneer announced that it would terminate flat screen TV production. The company currently employs 36,900 people worldwide. As of February 2009, there is no information on when job losses are to be implemented by.