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Article: Matsushita Electric firms unveil joint restructuring plan.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- September 28, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Kyodo News International, Tokyo Knight Ridder/Tribune Business News
Sep. 28--OSAKA, Japan -- Matsushita Electric Industrial Co. and Matsushita Electric Works Ltd. said Tuesday they will restructure operations to eliminate unnecessary duplication by mutually transferring businesses.
The restructuring plan calls for Matsushita Electric Industrial to transfer its electric materials business to Matsushita Electric Works by next Jan. 1 and that for housing equipment by April 1.
Products subject to the transfer include system kitchens, water purifiers and intercoms for multidwelling units.
Matsushita Electric Works will transfer its home ...