Matsushita Electric Industrial Co. said Tuesday it will shut down its Argentine sales subsidiary, Panasonic Argentina S.A. (PARSA), effective Monday.

The operations will be taken over by a new Argentine sales office to be established April 1 by Panasonic do Brasil Ltda., Matsushita’s production and sales unit in Brazil.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.