Breaking News

Logitech announces MX Master 4 Begin the Racing Journey with the Thermaltake GR300 Racing Simulator Cockpit ASUS Announces ExpertCenter P600 AiO Casio Releases EDIFICE Featuring Forged Carbon Celebrating the first 30 Years of PlayStation

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Panasonic May Fully Absorb Sanyo Electric

Panasonic May Fully Absorb Sanyo Electric

Enterprise & IT May 18,2013 0

The future of Sanyo Electric as a brand and a company is uncertain as its parent company Panasonic is undergoing a reorganization plan, which includes global jobs cuts. The Nikkei reported on Friday that Panasonic would cut 90 percent of Sanyo's global workforce of about 2,500 in around three years. About 1,000 workers at Sanyo's headquarters will be reduced to around 100 this fiscal year, leaving just a small crew for handling legal matters and managing intellectual property.

Sanyo had been a leader in lithium ion batteries and solar panels. Panasonic bought the company in 2010 in order to expand in new market segments but it faced hard competition from South Korean competitors, while the strong yen was also not allowing Panasonic to be competitive.

Since then, Panasonic has sold off several of Sanyo's operations, including the Sanyo digital and digital movie camera business.

Tags: PanasonicSanyo
Previous Post
HP and SAP Demonstrate SAP HANA System
Next Post
Microsoft Says Viruses Are Back On The Rise

Related Posts

  • Panasonic Introduces the First Ultra-Telephoto Zoom Lens in the LUMIX S Series

  • Panasonic Introduces New LUMIX TZ99 White in Europe

  • Panasonic introduces AK-UBX100 4K multi-purpose camera

  • Panasonic Announces LUMIX S1II and LUMIX S1IIE and new lens

  • Panasonic’s New RB-F10 Wireless Open Design Earphones

  • Panasonic Announces New LUMIX S1RII Full-Frame Mirrorless Camera

  • Panasonic Announces Four 4K 60p 10bit Professional Camcorders

  • Panasonic Announces LUMIX G97 and LUMIX TZ99

Latest News

Logitech announces MX Master 4
Enterprise & IT

Logitech announces MX Master 4

Begin the Racing Journey with the Thermaltake GR300 Racing Simulator Cockpit
Gaming

Begin the Racing Journey with the Thermaltake GR300 Racing Simulator Cockpit

ASUS Announces ExpertCenter P600 AiO
Enterprise & IT

ASUS Announces ExpertCenter P600 AiO

Casio Releases EDIFICE Featuring Forged Carbon
Consumer Electronics

Casio Releases EDIFICE Featuring Forged Carbon

Celebrating the first 30 Years of PlayStation
Gaming

Celebrating the first 30 Years of PlayStation

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed