Panasonic Announces 17,000 Job Cuts

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NuclearShadow

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Ouch, that is quite the bad news and certainly Panasonic isn't the only one that is going to do some layoffs. I do hope that things work out and those jobs become open once again in the future.
 

bit_user

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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.
 

vk_87

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Already because of the quake, people would have lost quite a lot of stuff, now they find that they might also lose their jobs. Great....
 

back_by_demand

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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.
 

jrtolson

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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
 

wiyosaya

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[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.
 

bin1127

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[citation][nom]neiroatopelcc[/nom]I wonder if those people find new jobs anywhere on their islands?[/citation]

I think they are talking about worldwide reduction. Overseas they have less people, but I don't think they need 350k just in japan. Asian manufacturing everywhere probably makes up a lot of it.
 
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