Japanese tech company Panasonic cuts 4% of its global workforce as profits falter

Image for article Japanese tech company Panasonic cuts 4% of its global workforce as profits falter
News Source : Financial Post

News Summary

  • Panasonic will slash its global workforce by 10,000 people, half in Japan and half overseas
  • The job cuts, amounting to about 4% of its 230,000 workers, will include early retirement offers
  • Panasonic reported a 17
  • 5% drop in profit for the fiscal year through March at 366 billion yen ($2
TOKYO (AP) Panasonic will slash its global workforce by 10,000 people, half in Japan and half overseas, to become a more efficient, lean company, the Japanese manufacturer said Friday.THIS CONTENT [+4144 chars]

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