Panasonic announced a plan to cut 10,000 jobs this fiscal year, which is approximately 4% of its workforce of nearly 230,000 employees. The reductions include 5,000 positions in Japan and 5,000 overseas, aimed at increasing operational efficiency particularly in sales and indirect departments. These job cuts are expected to incur nearly $900 million in costs. The company is adjusting to a challenging economic landscape, partly driven by U.S. tariffs and an ongoing trade war with China, while also striving to optimize its global personnel in line with evolving supply chain strategies.
Panasonic plans to cut 10,000 jobs this financial year, as part of efforts to enhance operational efficiency and evaluate required workforce globally.
The company will incur costs nearing $900 million due to the job cuts and anticipates a review focusing on sales and indirect departments.
Panasonic plans to optimize personnel largely in response to economic uncertainties heightened by U.S. tariffs and aims to reduce reliance on Chinese materials.
CEO Yuki Kusumi emphasized on employee well-being after implementing a four-day workweek, stating that supporting employees is essential for the company's future.
Collection
[
|
...
]