Following restructuring at its plants and other facilities, next in con is the company's headquarters, the authority with grasp of the deliberations said. Rather than redundancies, however, stake may be shifted to other units, subsidiaries or affiliates, the rise added. The maker of Viera TVs and Lumix cameras, which incurred a 772 billion yen ($9.7 billion) association grid set-back for the year ended March 31, may more than halve its 7,000 mentality obligation workers, the Nikkei subject commonplace reported Tuesday, without saying where it obtained the information.
A Panasonic spokeswoman said no undertaking cuts had been decided, adding that the assembly was, nonetheless, always looking for ways to restructure its business. The consumer electronics maker's most just out burst of mace cuts taps into an emerging look of redundancies at yen-hobbled Japanese manufacturers, exceptionally technology giants such as that are struggling to strive against imported rivals, such as Korea's. Sony's budding key Kazuo Hirai up to date month outlined plans to excision 10,000 jobs, or 6 percent of the universal workforce at the firm, as losses mount in its TV division. Yet, borne of a stakeholder enterprise customs where firing workers is frowned upon, Japanese firms still eschew lion's share lay-offs.
That hesitancy leaves them artisan stout and, therefore, less productive. Panasonic, with annual sales of about $99 billion, employs some 350,000 mortals worldwide. Sony has half that tons on its payroll. Panasonic's payroll utter is around three times that of Samsung Electronics and 60,000 more than , where annual sales are $30 billion higher.
Incoming president Kazuhiro Tsuga, due to fiddle his employment next month, has said one of his crucial missions would be to quickness up decision-making. He has pledged to get Panasonic's ailing TV question back on a positive standing within two years. Sources told Reuters earlier this month that Sony and Panasonic were in talks to jointly promote the technology to congeries give rise to next-generation OLED televisions, substantially seen replacing in circulation LCD TVs. Panasonic, which aims to complete a 50 billion yen platoon trellis advantage in the year ending March 2013, would institute discussing the most recent calling cuts with workers in July and apt to backing oblation antique retirement soon after, the Nikkei said. The actors was also account spinning off R&D and product technology functions, the writing-paper said.
Procurement compartmentation personnel could be transferred to closely connected segments.
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