That's a shame and I hope it doesn't affect their products' quality. Panasonic has always been my favorite brand for A/V equipment. Whether it's plasma TVs or DVD players, they've never let me down. Consistently some of the best products, without the premium price of Sony.
4.6% of the workforce, over 2 years.
A lot of this could be absorbed with a recruitment freeze, natural attrition, voluntary redundancy, etc.
17000 sounds a lot, but compared to the total workforce it's not that much.
Very few will be canned involuntarily.
[citation][nom]jrtolson[/nom]i thought panasonic was a sub branded devision of matshuita? same as kenwood? and there are not many kenwood branded stereo's on the market these days.. if any[/citation]
IIRC, Matsushita renamed itself, "Panasonic" a few years back due to brand recognition.