Panasonic’s Japan Layoffs Could Impact U.S. Workforce

Panasonic’s U.S. workforce could feel the pain if the company goes through with massive job cuts at its headquarters in Japan.

Reports say the company is considering eliminating 7,000 jobs, largely through early retirements or reassignments.

Back in February, Panasonic said it wanted to reduce its global headcount by 4.6 percent, to 350,000 workers, notes The Wall Street Journal. Those cuts would be in addition to the ones being contemplated at headquarters.

Greater clarity on where the global cuts may come was provided in Panasonic’s annual business policy report, released earlier this month. Layoffs in the struggling TV business would likely be one of the cost cutting measures. It would also help achieve the company’s goal of “eliminating losses” in its unprofitable semiconductor and optical pickups business.

But Panasonic’s IT staff may find comfort in knowing the electronics company plans to focus on smartphones and eco cars. Panasonic’s report says:

Industrial Devices Company, working with the Corporate Device Application Division, will strengthen its ability to understand customers’ needs proactively and propose solutions by capturing market needs and trends in a timely manner and actively get itself involved in the early stage of product development such as conceiving and designing processes at customers. The company will take this proactive marketing approach, focusing on rapidly-growing areas, including smartphones and eco cars.

Panasonic’s systems and communications unit, meanwhile, is planning to bolster its integrated network business — meaning security and the cloud — and is aiming to ramp up the global expansion of its solutions business.

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2 Responses to “Panasonic’s Japan Layoffs Could Impact U.S. Workforce”

September 04, 2012 at 3:26 pm, engue@hotmail.com said:

The change of president should accompany policy changes and management control in the branches.
Is that many branches of knowledge by their chairmen buy products that have failed in the first-order markets are not competitive, leading to to stock merchandise that are not sold.
On the other hand there are problems which become ethical conduct by managers to employees, whether these acts in the performance evaluations that are disqualified by managers and claiming as their own achievements by subordinate employees.
On the other hand this allows senior employees to commit illegal acts whether mediating notes of credits as the importation of products indirectly by customers and that are under regime control by customs.
It has been very little and poor control either by the overseas authorities, if it’s common to receive emails which refer to acts of corruption but do not indicate where if you make reservations and identity.
For many years, presidents have taken different positions but did not improve the image each time is lower and the precarious relationship to employees of lower category, if they even say the president on both the opportunities for these acts are dismissed, no other means to make known these

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February 05, 2014 at 7:32 pm, China Grasps for Tighter Grip on the Web | Times of News said:

[…] shaping up to be a rough year for Japanese electronics companies. Panasonic is considering the elimination of 7,000 jobs, Sony (NYSE: SNE) is getting rid of 10,000 jobs, and chipmaker Renesas could lay off as many as […]

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