Sony to shut down TV plant in San Diego
Entertainment industry giants Sony has some bad news for the workers in their television-tube factory based in San Diego. They have announced plans to close down this plant, which would result in job cuts for around 400 workers. The plant has become a victim of the declining popularity for the CRT based Television sets in the market.
This Sony unit manufactured glass tubes for 27- and 32-inch conventional televisions, which were then assembled in a unit in Mexico. Sony said in a statement on their plans: “The CRT business is contracting not only for us but for the rest of the industry.â€
However, the company has plans to continue with their operations in this city where they employ around 2,000 people. Sony would be continuing with the production of their Vaio laptops in San Diego. They had also recently announced plans to close a CRT plant in Westmoreland County, Penn., near Pittsburgh. That announcement resulted in job cuts for around 275 workers.
In the recent times, Flat Panel monitors and television sets have grown more popular with prices dropping down massively. Samsung and LG are the market leaders in this segment and Sony would now be planning to get offensive by expanding their market share in this growing segment of consumer electronic goods.