WAYNE, N.J.
— JVC America said last week that it imposed
layoffs to mostly administrative departments in an
effort to streamline operations and remain competitive.
At press time, the company would not say how many
employees were impacted in the move.
According to a company statement, “As part of our ongoing
effort to streamline operations and remain competitive,
JVC has reorganized staff in mostly administrative
departments, which has resulted in layoffs. The move
will not affect our day-to-day business with our dealers.”
In other recent moves, the company’s corporate parent
JVC Kenwood Holdings said three weeks ago that the Victor
Co. of Japan (JVC) unit entered into a memorandum of
understanding to form a strategic LCD TV business partnership
with Taiwan-based AmTRAN Technology (Am-
TRAN), a manufacturer of televisions and other products
for various brands around the world, including Vizio.
JVC and AmTRAN said they intend to build a new partnership
by combining their strengths. The partnership will
use the JVC brand on LCD TVs.
AmTRAN is a top-three global manufacturer of LCD
TVs and will be responsible for production and sales,
while JVC Kenwood will provide brand licensing and leverage
in “technologies, quality and sales,” the companies
said.
According to a statement: “initially, the collaboration
could start from North America territory.”
Both parties are said to be studying expanding the effort
to other regions including Asia.
The partnership is expected “to be developed into a
wide range of collaborative relationships,” according to
a statement.
“From now on, JVC and AmTRAN will discuss concluding
a formal strategic partnership agreement, and begin
planning and developing products aiming to launch in
early 2011,” the companies said.
Specifics of the business plan and other matters will
be discussed at the conclusion of formal agreements, the
companies said.
