Open Enrollment | Subscribe to Dealerscope HERE
Follow us on

Panasonic May Cut More Jobs as $9.6 Billion Loss Forecast

November 1, 2012

Panasonic Corp., Japan's third- biggest employer, eliminated almost 39,000 jobs in the past year, and its chief financial officer said the TV maker doesn't plan another round of cuts. Investors say it has to.

Even after reducing its workforce by about 11 percent -- almost double the reductions at Sony Corp. and Sharp Corp. combined -- Panasonic will post a 765 billion-yen ($9.6 billion) loss in the year ending March 31, the company said yesterday. Panasonic plunged the most in at least 38 years in Tokyo trading today



Companies Mentioned:

More Suggested Content:

Panasonic's PT-AE8000U projector
Panasonic Debuts 3D Home Theater Projector
September 13, 2012 From News
Panasonic this week announced the arrival of its new PT-AE8000U full-HD 3D home theater projector. The 1080p projector works in both 2D and 3D.
Panasonic IFA
IFA 2012: Panasonic Prepares for the Future of Smart Living
September 5, 2012 From News
At IFA 2012 in Berlin, Panasonic placed the emphasis on the future of smart living, as it highlighted it's environmental leadership, and new connected TVs, cameras, and appliances.


Click here to leave a comment...
Comment *
Most Recent Comments: