Panasonic Moved Its Factory from Thailand To Vietnam

Panasonic will close a large factory outside Bangkok - Thailand early this fall and move production to  set up factory in Vietnam  to get better production efficiency. Specifically, according to Nikkei, Panasonic's factory in Bangkok will stop producing washing machines in September 2020 and refrigerators in October 2020. The plant itself will be closed in March 2021, a research and development center will also be closed. About 800 employees currently working at the factory in Bangkok will be laid off, but will also be recruited to new …