Poor sales of flat-panel televisions were mainly blamed for Panasonic's losses of more than 1.5 trillion yen (15.5 billiondollars) over the past two years.
The Japanese electronics company initially considered ceasing production in the next financial year, which ends March 2015, but it has decided to accelerate the timetable, the Nikkei business daily reported without citing any sources.
The company has already ended development of new plasma televisions.//DPA