Path: EDN Asia >> News Centre >> Consumer Electronics >> 5,000 Panasonic workers to lose jobs
Consumer Electronics Share print

5,000 Panasonic workers to lose jobs

31 May 2013

Share this page with your friends

Around 5,000 workers will be shown the door by Panasonic Corp. According to a Reuters report, the workers affected will come from the automotive and industrial division. Panasonic president Kazuhiko Tsuga aims to boost the company's operating profit margin to a 5 per cent minimum over the next three years.

The automotive and industrial division consists of around a third of Panasonic's workforce. It employs 110,000 people and covers semiconductors, production machinery, automotive components and other devices. The job cuts represent the company's aim to concentrate on to building machinery and gadgets for sale to other companies, taking focus away from consumer electronics.

"A reduction in labour costs will be a big part of our plan to improve profitability," Yoshihiko Yamada, the head of the automotive and industrial division said, as quoted by Reuters.




Want to more of this to be delivered to you for FREE?

Subscribe to EDN Asia alerts and receive the latest design ideas and product news in your inbox.

Got to make sure you're not a robot. Please enter the code displayed on the right.

Time to activate your subscription - it's easy!

We have sent an activate request to your registerd e-email. Simply click on the link to activate your subscription.

We're doing this to protect your privacy and ensure you successfully receive your e-mail alerts.


Add New Comment
Visitor (To avoid code verification, simply login or register with us. It is fast and free!)
*Verify code:
Tech Impact

Regional Roundup
Control this smart glass with the blink of an eye
K-Glass 2 detects users' eye movements to point the cursor to recognise computer icons or objects in the Internet, and uses winks for commands. The researchers call this interface the "i-Mouse."

GlobalFoundries extends grants to Singapore students
ARM, Tencent Games team up to improve mobile gaming


News | Products | Design Features | Regional Roundup | Tech Impact