Singapore News - Electronics giant Panasonic is shutting down its refrigeration compressor manufacturing operations in Singapore, resulting in the layoffs of some 700 workers. However, its global headquarters for the refrigeration compressor business and research and development activities. Read more at www.tnp.sg
The Union has confirmed that Panasonic is managing the retrenchment benefits stipulated in the Collective Agreement, which is higher than industry norms. Meanwhile, the Union is leading retrenchment support in the form of job placement assistance, training programmes, and more.
PM Lee saddened that Panasonic closing refrigeration compressor factory in S pore mothership.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mothership.sg Daily Mail and Mail on Sunday newspapers.
Panasonic retrenches 700 in S pore, to shut some manufacturing operations but R&D to remain here straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.