Panasonic to stop marketing TVs and sound systems in Brazil

According to the information reported on several specialized websites in Brazil and other countries in the region, the Japanese company Panasonic plans to stop marketing TVs and sound systems in Brazil, after 40 years working on the development of that business in the company’s facilities located in Manaus. 

This way, the company plans not to market TVs and sound systems in Brazil anymore from next December, for which, it is estimated, about 130 of its employees will be fired  by the end of the year, a figure that represents 5% of the total employees that work for Sony in Brazil.

Regarding the reasons for the decision, the specialized website ‘Milenio’, web version of the so-called Mexican newspaper, reported that the company ‘will be focused on other product lines, which are getting relevant investments’. Despite this, the Panasonic unit in Manaus will continue operating and will keep the production of microwaves, automotive products and electronic components. Likewise, apart from Manaus, the company also has offices in Minas Gerais and another in São Paulo, although neither of them is focused on  TVs and sound systems.

With the news, Panasonic follows Sony, who, last March, and as confirmed in 2020, closed its headquarters for TVs, cameras and sound systems, also located in Manaus, after 48 years in operation.