Panasonic is to exit the plasma TV panel business by end March 2014 Reuters and the Wall Street Journal report, marking a "key milestone" in the story of the former giant known as the Japanese CE industry.
TV is described as a "major contributor" to the $15 billion losses Panasonic has suffered over the past 2 years, with operating losses for the last financial year reaching $913 million.
According to the WSJ Panasonic is in talks to sell off one of its W. Japan plasma factories while Reuters reports employees will be deployed in other parts of the company.