Panasonic to Dismantle Digital Camera Business and Place it Under Other Operations

Not the best of news, but hopefully Panasonic can find a way to make their camera devision profitable.

“Panasonic plans another round of restructuring of unprofitable businesses, responding to sinking profits with the same prescription that has restored the ailing giant to health before. Yet the company will need more than cutbacks to thrive in an electronics industry searching for new growth avenues as prices slide.”

Putting the camera devision under and the umbrella of other operations might have some tax advantages or make their balance sheet look better in the short term. Maybe there will be more clarity about the move in the future.

“Three other businesses units — digital cameras, private branch exchange telephone systems and optical disk drives — will be dismantled. Each will be scaled back and placed under the umbrella of other operations, with headcount to be reduced.”

Via Nikkei, Photorumors

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