Space News from SpaceDaily.com
Japan's Panasonic targets 10,000 job cuts worldwide
Tokyo, May 9 (AFP) May 09, 2025
Japanese electronics giant Panasonic said Friday it was targeting 10,000 job cuts worldwide as part of efforts to boost productivity among its workforce.

The group said it planned to "thoroughly review operational efficiency... mainly in sales and indirect departments, and reevaluate the numbers of organisations and personnel actually needed".

"Through these measures, the company will optimise our personnel on a global scale," it said in a statement.

"This measure targets 10,000 employees (5,000 in Japan and 5,000 overseas) at consolidated companies," it said. The figure represents around four percent of the firm's total workforce of nearly 230,000.

The cuts will be implemented mainly in the financial year ending in March, "in accordance with the labour laws, rules, and regulations of each country and region".

Pioneering electronic appliances from rice cookers to batteries to video recorders, the brand became a global household behemoth in the latter half of the 20th century.


ADVERTISEMENT




Space News from SpaceDaily.com
Young magmas on the came from much shallower depths
JunoCam revived by onboard heat treatment just in time for Io flyby
CTAO telescope uncovers fresh evidence for layered jet structures in historic gamma ray burst

24/7 Energy News Coverage
States legally obligated to tackle climate change: ICJ
Viasat unveils IoT Nano service for global low-power connectivity
Xi says China, EU must deepen trust but bloc chief urges 'real solutions'

Military Space News, Nuclear Weapons, Missile Defense
Trump's AI plan prioritizes deregulation to boost US dominance
Thailand, Cambodia clash with jets and rockets in deadly border row
US approves $322 mn in arms sales to Ukraine; German government moves to speed up military procurement

24/7 News Coverage
World's top court paves way for climate reparations
Pacific climate pioneer still fears for island nation's future
China hails 'positive' ICJ ruling on climate reparations


All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.