Saddened to hear that Panasonic will be closing its factory making refrigeration compressors here.
This factory has been here since 1972. In half a century it has produced and shipped more than a quarter billion (285 million!) refrigerator compressors all over the world. I personally had the pleasure of joining Panasonic to celebrate the production of their 100 millionth compressor globally in 1989, of which one-third came from the Singapore factory, then the second largest refrigeration compressor plant in the world.
NTUC Singapore and the United Workers of Electronics & Electrical Industries (UWEEI Singapore) will support the affected workers and help them to find new jobs.
We are deeply grateful that Panasonic believed in Singapore and journeyed with us for the better part of our history. Though this factory is closing, Panasonic’s refrigeration compressor global HQ and R&D functions will remain in Singapore. Singapore and in particular the Singapore Economic Development Board - EDB highly value investors like Panasonic and will continue to partner them to create jobs and opportunities for Singaporeans. – LHL
