170°
Submitted by Captain Tuttle 621d ago | news

Panasonic prepares for "garage sale", to axe 10,000 jobs

Reuters:
About a fifth of Panasonic Corp's 88 business units are losing money and only half so far meet a target for at least 5 percent operating margin, the Japanese electronics group's finance chief said in an interview on Wednesday.

Hideaki Kawai said the country's biggest commercial employer will axe another 10,000 jobs by end-March as it pares its costs and looks to return to profit. Panasonic shed 36,000 jobs last business year, some through the sale of businesses. (Industry, Panasonic)

Captain Tuttle  +   621d ago
What a bloodbath
mushroomwig  +   621d ago
First Panasonic, next Sony?
Captain Tuttle  +   621d ago
Sony's in rough shape but Panasonic is on life support. Sony as a company is pretty broad.
fatstarr  +   621d ago
Sony is definitely going to cut some divisions in the nearing future. especially since their product ratings rating level has dropped.
wishingW3L  +   621d ago
#2.3 (Edited 621d ago ) | Agree(0) | Disagree(0) | Report | Reply
Heavenly King  +   621d ago
Maybe they should merge and form......Sonic XD
fatstarr  +   621d ago
man its about time some of these companies go boom, get smaller and re think about their strategies, how much can you keep growing, I say it every week you cant expect to be in the green reach a high year one then reach a new high year 3 and then 15 years later expect to keep reaching highs, eventually you hit the top and you just cant go higher and if you manage to go higher the year after that will be an even bigger challenge.
Captain Tuttle  +   621d ago
I've heard that Sharp is the true basket case, like 6 months left.

Add comment

You need to be registered to add comments. Register here or login
Remember
New stories
40°

Google should leave Samsung alone until it can do a better job

8h ago - Remember back in the days of Android Gingerbread when ambitious OEMs started pumping out Android-... | Industry
30°

OS X Yosemite preview: the Mac gets a major makeover

8h ago - The last time Apple released a new version of OS X, we came away feeling a little... underwhelmed... | Software
20°

Best water-resistant smartphones

8h ago - Most smartphone users seem to agree that water-resistance is a very important feature, or at leas... | Phones
40°

The TouchPico Projector Turns Any Surface Into A Giant Android Touchscreen

8h ago - The TouchPico projector is launching today on IndieGogo. Announced at this year’s CES, it’s about... | Gadgets
Ad

Looking for a great Pokemon Community?

Now - Look no further. Join us at the BulbaGarden Forums, the best community for everything Pokemon | Promoted post
20°

Green week – environmentally friendly tech

8h ago - "This week came as a breakthrough in many tech-related areas, but most noticeably in green tech d... | Industry