Panasonic to Layoff Staff as it Discontinues Washing Machine and Refrigerator Operations in India

Panasonic has confirmed its exit from the washing machine and refrigerator businesses in India. The decision follows continued losses in both categories and limited market presence. As per the NDTV Profit reports, Panasonic held 1.8% market share in washing machines and 0.8% in refrigerators.

Shutdown of Haryana Production Unit

As per news reports, the company is closing the production line for these products at its factory in Jhajjar, Haryana. This plant, which also handles contract manufacturing for other brands, will cease operations for these categories. Partner companies are being informed to prepare for the transition.

Panasonic will continue operations in televisions, air-conditioners, and other focus areas. These include home automation, heating, ventilation and cooling (HVAC), B2B solutions, electricals, and energy-related products. The shift is part of a larger restructuring plan within the company.

Layoffs of Staff Expected in Restructuring 

The exit is to lead to job cuts, with layoffs projected to be in high double digits. Panasonic said it is working on relocating some employees to other verticals, such as HVAC and TVs. Support is also being extended to affected staff.

Panasonic stated that it will assist dealers in clearing existing stock. It also assured full customer support for existing users, including warranty, spare parts, and service coverage for both product categories being discontinued.

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Conclusion

With this, Panasonic narrows its consumer electronics portfolio in India. The company is exiting segments where it has been unable to scale, and shifting focus toward areas it considers more aligned with its current strategy and market performance.

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