Hitachi Ltd, a Japanese maker of nuclear reactors, household appliances and hard disk drives, said it will close its flat-panel television factory in the Czech Republic amid slumping demand.
The company, Japan’s second-biggest plasma-television maker, will end operations at the plant this month, laying off all 800 employees, Hiroki Inoue, a Tokyo-based spokesman at Hitachi said. The factory has been in operation less than two years, he said.
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