Saturday, January 21, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Sues Qualcomm Over Patent Royalties
Sharp Establishes New Research and Development Center for Home Appliances in China
Samsung Seeks Arbitration Over LCD Supply Halt
Canon May Invest In Toshiba's Chip Business
Samsung To Explain What Caused The Galaxy Note 7's ban In Press Event
Nintendo's 'Fire Emblem Heroes' Smartphone Game features in-app Purchases
Fujifilm X-T20 Features New 24MP Sensor and 4K Video Capture
Samsung Begins Rollout of Android 7.0 Nougat
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Panason...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, April 29, 2011
Panasonic To Cut 40,000 Jobs


Panasonic plans to cut nearly 40,000 jobs worldwide by the end of March 2013, the largest ever downsizing by a Japanese manufacturer.

The program will mean a 10-percent reduction in the group's global work force and is expected to bite deepest into divisions and subsidiaries outside Japan.

The 40,000 figure, which was announced along with the group's fiscal 2011 management strategy, includes about 20,000 jobs sliced from the group's payroll through the sale of its Sanyo Electric Co. subsidiary's semiconductor business, which was announced in summer 2010.

Panasonic acquired a majority stake in Sanyo in 2009, and, on April 1, Sanyo and Panasonic Electric Works Co. became wholly owned subsidiaries of the group.

The group also announced plans to reorganize its corporate structure by whittling down its 16 business divisions to nine in January 2012.

Business divisions that the three group companies run separately--head office functions, white goods (e.g. washing machines) and overseas manufacturing--will be restructured and scaled back. The group will focus resources on TVs, white goods, and environment-related businesses.


Previous
Next
Intel Promises 50Gbps Succesor To Thunderbolt by 2015        All News        Samsung's Q1 Net Profit Down Due To Low LCD And Memory Profitability
Intel Promises 50Gbps Succesor To Thunderbolt by 2015     General Computing News      Samsung's Q1 Net Profit Down Due To Low LCD And Memory Profitability

Get RSS feed Easy Print E-Mail this Message

Related News
Panasonic Develops Flexible battery Small Enough To be Embedded into Credit Cards
Panasonic Joins The OLED TV Camp, Showcases Head-mounted Display
Panasonic Demonstrates "Companion" Robot at CES
CES: Panasonic Launches Flagship Lumix DMC-GH5, DMC-FZ80 And The Mirrorless DMC-GX850
Panasonic Unveils New Ultra HD Blu-ray Players
Tesla and Panasonic Will Begin Manufacturing Solar Cells and Modules in Buffalo
Panasonic May Buy Headlight Manufacturer ZKW
Panasonic Develops IPS Liquid Crystal Panel with Contrast Ratio Of Over 1,000,000:1
Panasonic Technology Transmits Data By Human Touch
Panasonic Bendable, Twistable, Flexible Lithium-ion Battery Could Bring Revolution To Future Devices
Panasonic Releases New LUMIX Cameras Including The 6K LUMIX GH5
NHK Join Forces With Panasonic And Sony To Win The 8K TV Race

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .