Panasonic announces major restructuring, OLED lighting one of the 4 growth areas

Panasonic Corporation announced major restructuring, which includes laying off about 17,000 jobs (to reduce total employees to a level of 350,000) and reorganizing into three sectors (Consumer, Components & Devices and Solutions). The company identified four growth areas: Solar Business, water purification, devices for smartphones and OLED lighting.

PEW OLED Lighting panelsPEW OLED Lighting panels

Here's Panasonic statement about OLEDs: "Panasonic recognizes OLED lighting as the next-generation lighting devices that may become equally popular as LED lighting in the market and formed a joint venture called Panasonic Idemitsu OLED Lighting with Idemitsu Kosan on April 12, 2011. Panasonic will speed up the commercialization and market development for its OLED lighting products."

Posted: Apr 29,2011 by Ron Mertens