Japan's Panasonic targets 10,000 job cuts worldwide

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TOKYO: Japanese electronics giant Panasonic, which supplies batteries to Tesla, said on Friday (May 9) it will target 10,000 job cuts worldwide as part of efforts to boost profitability.

"Through the current management reform, the company aims to improve profit by at least ¥150 billion (US$1 billion)," it said on Friday.

Panasonic said it would "thoroughly review operational efficiency at each group company, mainly in sales and indirect departments".

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Cent Cuts Business Restructuring Company Profit Panasonic Year Billion Group Electronics

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 15:52:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 673 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 28512818

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