Panasonic Vietnam (Photo:

A spokesperson of Panasonic Corporation told Reuters that the move will make about 800 workers in Thailand lose their jobs and affirmed that it was part of a plan to effectively improve production cost.

"Panasonic will try to move some workers into other jobs based on their qualifications," the spokesperson said.

The home appliance division and a development research center of Panasonic Corporation in Thailand will close by the end of March 2021.

After closing, Panasonic will still have about 13,700 workers involved in manufacturing small devices and batteries in Thailand./.