Despite plant making extremely profitable LCD panels for medical equipment (where margins are very high), it still will be closed in 2020.
Workers will be transferred to much simpler temporary LiIon batteries manufacturing, but it can also lasts for 1-2 years before opening Chinese new plants.

Main reasons of closure is relatively old equipment and exorbitant costs of products, as new, higher quality BOE and Samsung panels now entered same market and can be got much cheaper (so top management will be able to get financial year end bonuses for factory closure and new contracts).

Panasonic can close few other factories as top management continue company simplification and orientation on only top marginal products, number of engineers inside company is also dropping quite fast.