I thought of putting this in the plasma forum (and mods might choose to shift it there), but I thought it more appropriate for General chat as it seemed so significant given how much kudos is given to Pioneer displays on avforums, and that it is a 'real sign of the times'
BBC NEWS | Business | Pioneer announces 10,000 job cuts
BBC NEWS | Business | Pioneer announces 10,000 job cuts
Pioneer announces 10,000 job cuts
Pioneer will stop making flat-screen TVs by March 2010
Japanese electronics maker Pioneer is to cut a further 10,000 jobs as it warned it expected to report an annual loss of 130bn yen ($1.4bn; $1bn).
The struggling company also announced that it is to close its loss-making flat-screen television business.
Hit by the sharp fall in global consumer spending, Pioneer had already shed 5,900 jobs last year.
Pioneer described the decision to pull out of making flat TVs, a sector it once led, as "extremely painful".