Panasonic

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
15,000 jobs
Number of planned job losses
Job loss
Announcement Date
5 February 2009
Employment effect (start)
Foreseen end date
31 March 2010

Description

Panasonic, the world leader in electronics, is to cut 15,000 jobs out of 300,000 worldwide by the end of March 2010 due to the global economic downturn. Half of the job losses will occur in Japan where 13 manufacturing sites are expected to be closed.

Sources

  • 5 February 2009: Hospodárske noviny

Citation

Eurofound (2009), Panasonic, Internal restructuring in World, factsheet number 68082, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68082.