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Pioneer to end plasma display production

May 12, 2008

PC World: Pioneer plans to end production of plasma display panels as part of a restructuring program to return its operations to profit, it said Tuesday. The company's restructuring plan will see it end basic panel production at two factories in Japan by March 2009. In their place the company will buy panels from Panasonic and use those to make PDP TVs under a provisional agreement with Panasonic.

The company's stock price also rose the most in a month in Tokyo trading after the Nikkei newspaper reported that the company will cut 2,000 jobs this fiscal year.

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