The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.4 - Manufacture of consumer electronics
8,000 jobs Number of planned job losses
Announcement Date
22 November 2012
Employment effect (start)
1 December 2012
Foreseen end date
31 March 2013
Description
Panasonic, Japanese multinational electronics corporation, is to cut 8,000 jobs out of 320,000 worldwide by the end of March 2013 due to the global economic downturn. The company had announced large losses for 2012 and 2011.
This large scale restructuring follows previous rounds of job cuts: The group has already cut 38,000 jobs worldwide over the last 12 months and had announced 15,000 job cuts in 2009 (see here).
Sources
15 November 2012: Les Echos
Citation
Eurofound (2012), Panasonic, Internal restructuring in World, factsheet number 74508, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74508.
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