The Limited Times

Now you can see non-English news...

Panasonic expects more than 1,000 job cuts

2021-09-26T18:59:26.598Z


A reduction of more than 1,000 jobs for Panasonic through classic early retirement plans. (HANDLE)


(ANSA) - TOKYO, 25 SEPTEMBER - A reduction of over 1,000 jobs for Panasonic through the classic early retirement plans.

The Japanese media anticipate this - citing sources aware of the dossier, in line with the corporate restructuring program underway, which provides for a transformation of the company name into a holding company for the consumer electronics company, starting from next April.


   The more than one thousand employees who have a seniority of at least 10 years - and who will adhere to the offer - make up about 1% of the 100 thousand employees in Japan.


    In the fiscal year ended in March, Panasonic recorded a turnover of less than 7,000 billion yen (53 billion euro) for the first time in 25 years, due to the drastic downsizing of consumption due to the coronavirus pandemic.


    The crisis has recently affected other Japanese manufacturing companies, including the auto company Honda - which proposed early retirements to about 2,000 people last August, and the camera company, Olympus, implementing a similar scheme in February for 840 employees.

(HANDLE).


Source: ansa

All life articles on 2021-09-26

You may like

News/Politics 2024-03-08T11:19:19.541Z

Trends 24h

Life/Entertain 2024-03-28T17:17:20.523Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.