Panasonic plant in Peachtree City. (Courtesy)
Panasonic has announced that a car stereo production line at Peachtree City, south of Atlanta, will close by the end of 2009.
Company spokesman say the closure -- among the largest in Georgia this year -- will put 500 employees out of work.Panasonic says the production facility will be moved to Mexico, in order to cut costs in a tight car market.
But, company officials say they will continue product development and regional administration at the Peachtree location.
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