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

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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. The job cuts, amounting to about 4% of its 230,000 workers, will include early retirement offers in Japan and closures and consolidation of various operations, according to the Osaka-based maker of home appliances, such as washing machines and refrigerators.

Panasonic also makes solar panels, delivery robots, facial recognition technology, fuel cells for homes and EV batteries…



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


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. The job cuts, amounting to about 4% of its 230,000 workers, will include early retirement offers in Japan and closures and consolidation of various operations, according to the Osaka-based maker of home appliances, such as washing machines and refrigerators.

Panasonic also makes solar panels, delivery robots, facial recognition technology, fuel cells for homes and EV batteries…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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