Panasonic

Panasonic Corp., Japan's biggest commercial employer, will lay off 10,000 more workers in the fiscal year ending in March 2013, in a bid to trim costs and boost profitability at close to 100 business units, a fifth of which are losing money, its chief financial officer told Reuters. Panasonic is aiming to ...

Japan's biggest home appliance maker Panasonic Corp. is cutting about 17,000 jobs worldwide as its losses swell from restructuring costs and damage from the March 11 disasters. President Fumio Ohtsubo said Thursday the company will streamline operations to boost profitability, including selling off some ...