News | Peachtree City

More cuts coming for PTC's Panasonic

Thu, 03/26/2009 - 2:23pm
By: John Munford

The faltering economy is taking another hit on the Panasonic operation in Peachtree City.

Panasonic Automotive Systems Company of America recently announced it would cut 200 positions in the United States as demand continues to weaken for its products due to the decline in the automobile industry, said company spokesman Jim Reilly.

A large percentage of those 200 job losses will be in Peachtree City because the local operation is the largest in the company, Reilly said. The company is not divulging exactly how many jobs in Peachtree City will be eliminated, Reilly said.

The company also is not releasing how many jobs were eliminated immediately, he added.
PASCA makes in-car entertainment systems, navigation systems and other electronics for use in automobiles.

Employees were told of the cuts last week, and some were immediately notified their positions were targeted for elimination, Reilly said. Other positions will be eliminated as the year progresses.

PASCA is working to make sure that the cuts don’t affect the company’s ability to respond once the economy bounces back, Reilly added.

In September the company announced it would shutter its manufacturing facility in Peachtree City and move its production capabilities to Reynoso, Mexico. That meant 500 jobs would be phased out over a 15-month period ending this year.

PASCA’s Peachtree City facility still handles sales, marketing, servicing, product design and engineering for the company. As such, it is the largest arm of the company, followed by a location in Southfield, Michigan and several other locations, Reilly said.

PASCA is a subsidiary of the global Panasonic corporation which sells a large variety of electronics but is perhaps best known for its plasma televisions.

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Gene61's picture
Submitted by Gene61 on Thu, 03/26/2009 - 5:33pm.

How many more jobs will go to Mexico before we wake up and do something? Mexico the new drug capital, where people are dying daily due to the heavy traffcing of drugs to the U.S. , is slowly taking over this country from the inside out.

Now we have to worry more than ever about the violence that is being imported from Mexico, along with the products that were one built here.


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Corporate Taxes are Too High in this Country
Submitted by skyspy on Thu, 03/26/2009 - 5:47pm.

If we keep punishing companies for being here they will all leave.

The U.S.A charges one of the highest tax rates on companies. The real question is why would any of them stay here?

It would make more sense to give companies a tax break for every LEGAL American they hire. That would be a good start towards the goal of keeping jobs in America.

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Not so fast my friend
Submitted by Douge on Fri, 03/27/2009 - 7:52pm.

Actually that is not the case. I deal with companies that have plants in both the US and Mexico. The major cost savings for working in Mexico is the fact they don't have to pay medical insurance. Damm those socialists.

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Douge do some research..
S. Lindsey's picture
Submitted by S. Lindsey on Fri, 03/27/2009 - 7:59pm.

Cheap Labor.. Cheap Tax Structure.. Less Regulations.. Medical is NOT the MAJOR reason.. and YES DAMN THE SOCIALIST you want Socialized medicine go to Canada..but hurry they are all coming here for treatment so you might get an appointment in a year or so..

It happened in the UK and here as well Link

I will not lower my standards.. So UP YOURS.. Evil

GUN CONTROL Link


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I have and your link doesn't work
Submitted by Douge on Fri, 03/27/2009 - 9:29pm.

My plant makes over 100 Million pounds of chemicals per year and I have visited plants in Europe, Mexico, and Canada. I also send to material to Asia, AUS, SAmerica,and Africa, but haven't traveled there yet. The places I visited were world class facilities. Regulatory and safety requirements were based on US standards. Both Managers and sales people sing the same tune.....health care is the savings....

and having lived in Europe for over six years, I have experienced their system first hand. It is superior and less complicated than the two health insurances I currently have.

The research has been completed first hand. Please don't respond that I am some social Dem, I actually lean toward libertarian.

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Corporate Tax Rates
borntorun's picture
Submitted by borntorun on Fri, 03/27/2009 - 8:17pm.

Comparison of tax rates around the world is a difficult and somewhat subjective enterprise. Tax laws in most countries are extremely complex, and tax burden falls differently on different groups in each country. The data can be somewhat misleading, as base tax rate does not take into account tax sheltering. For instance, while the 35% corporate income tax rate in the USA is high indeed, between 2000 and 2005, corporate taxes amounted to only 2.2% of the GDP. The average for the 30 mostly rich member countries of the Organization for Economic Cooperation and Development was 3.4% due to extensive use of tax sheltering. So in terms of GDP which is what you have to consider in the equation, the USA tax burden is below other countries. Higher wages have little to do with taxes as some would believe but are a direct result of union bargaining. The auto industry is a prime example.


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