Published On: May 11, 2011

JVC Lays Off Workers

Published On: May 11, 2011

JVC Lays Off Workers

JVC continues a downward spiral as they lay off more workers. This is nothing new for JVC in recent years, as the company continues to hurt, and may soon no longer be the same company.

jvc_logo.gif

JVC America recently laid off an unspecified number of employees, according to TWICE. No further lay offs are currently planned.

The lay offs occurred at JVC America primarily but other branches were affected.

Additional Resources
• Read more industry trade news from HomeTheaterReview.com.
• Find similar stories in our Feature News section.
• See the TWICE article on their website.

Last September, the company also laid off a group of workers. In April 2009, JVC consolidated three companies into one, eliminating fifteen percent of the company's U.S. workforce.

These new lay offs come from more consolidation. In this case, JVC merged the consumer audio division and the consumer display division into the home entertainment division.

Clearly JVC is hurting and needs to cut costs. These consolidations come on the heels of a recent announcement that JVC and Kenwood would cost their costs by merging into one company.

Klipsch was recently purchased by Audiovox and now lay offs at JVC prove that companies are hurting all around. It will be interesting to see what the future holds for these brands.

Subscribe To Home Theater Review

You'll automatically be entered in the HTR Sweepstakes, and get the hottest audio deals directly in your inbox.
When you buy through links on our site, we may earn an affiliate commission. Your support is greatly appreciated!
© JRW Publishing Company, 2020
magnifiercross linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram