170°
Submitted by Captain Tuttle 739d 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  +   739d ago
What a bloodbath
mushroomwig  +   739d ago
First Panasonic, next Sony?
Captain Tuttle  +   739d ago
Sony's in rough shape but Panasonic is on life support. Sony as a company is pretty broad.
fatstarr  +   739d ago
Sony is definitely going to cut some divisions in the nearing future. especially since their product ratings rating level has dropped.
wishingW3L  +   739d ago
#2.3 (Edited 739d ago ) | Agree(0) | Disagree(0) | Report | Reply
Heavenly King  +   739d ago
Maybe they should merge and form......Sonic XD
fatstarr  +   739d 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  +   739d 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°

Black Friday Sales Round-Up: $90 H440, $250 GTX 770, $58 8GB RAM, $135 R9 270

32m ago - GamersNexus: "Now that Black Friday is upon us, we have loads of hardware sales to choose from –... | PC hardware
20°

A path to brighter images and more efficient LCD displays

8h ago - University of Utah engineers have developed a polarizing filter that allows in more light, leadin... | Hi-tech
10°

NASA's Swift mission probes an exotic object: 'Kicked' black hole or mega star?

16h ago - An international team of researchers analyzing decades of observations from many facilities, incl... | Culture
10°

We played with the worst apps in the world, so you don't have to

16h ago - TechRadar - There are now over 1,300,000 apps on the iOS App Store and the Google Play Store is h... | Software
Ad

Follow TechSpy on Twitter

Now - You can now follow TechSpy on twitter and get the hottest news of the day as well as early contest announcements. | Promoted post
10°

TechRadar - Leica V-Lux (Typ 114) review

16h ago - TechRadar - "Like its almost identical twin (the Panasonic FZ1000), the V-Lux Typ 114 has a very... | Photo