Today Panasonic announced it's to cut five per cent of its work force - 15,000 people. Half of those will based in Japan.
Panasonic employs just over 1000 people in South Wales, 400 making telephone switchboards in Newport, and 640 at it's Cardiff R&D and Manufacturing plant.
Still early days yet but recent manufacturing closures across Wales have made everyone involved pretty jumpy. Cardiff Central MP Jenny Willott branded any potential cuts 'a disaster' while Shadow Minister for the Economy David Melding AM called it 'extremely worrying news'.
It will be interesting to see if the Government at the Bay and/or the one in Westminster are able to do anything to ensure the axe doesn't fall in South Wales...the signs aren't good after the Corus debacle though.
Bonnie Tyler says she tried to sound less Welsh
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The singer said she took elocution lessons early in her career, but could
not tone down her accent.
2 days ago
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