TOKYO (Reuters) - Panasonic Corp <6752.T> will cut plasma TV panel production and cut about 1,000 jobs, as its loss-making television unit struggles to compete with Asian rivals, a report said on Thursday.
Panasonic will stop plasma panel production at its Amagasaki No. 3 factory in Hyogo prefecture, broadcaster NHK said on its website, citing a source close to the matter.
The company is also considering selling off a liquid-crystal display panel plant at Mobara in Chiba prefecture, NHK said.
Panasonic, along with domestic rivals Sony <6758.T> and Sharp <6752.T>, is struggling to compete with the likes of South Korea's Samsung Electronics <005930.KS>.
(Reporting by Isabel Reynolds; Editing by Joseph Radford)