Japanese tech giants are planning to overcome unstable business lines and its workforce by thousands of pansonic because it is aimed at reinstating itself for a technical era, which is no longer dominated by the traditional electronics.
In a statement on Friday, Panasonic said that it would cut about 10,000 jobs worldwide, or about 4 percent employees, originally from the fiscal year that began in April. The cuts have 5000 jobs in Japan and 5000 abroad. As part of his efforts to increase profitability, the company has said that “it will promote the loss of a loss business without any possibility of improving the profit.”
Established a century ago in Osaka, Panasonic television and digital cameras have maintained an array of business on mobile phones and kitchen equipment. Once customer becomes a leader in electronics, for the past two decades, the company has jumped on how its broad activities can be redefined.
Panasonic’s profitability began to decline in the mid -20s of the 20th, ending significant losses in the early 20’s. Under his former President Kazuhiro Tasuga, who took this role in 2002, the company cuts the business like plasma television. In the mid-20’s, panconic and red ink were not bleeding.
Since Mr. Sasuga was replaced in 2021, the current President Yuki Kusumi has continued this strategic overhall, whose goal is to release cash for investing in new fields. Under Mr. Kusumi, this team has invested a lot of money in the factory to supply automakers like Tesla with batteries for electric vehicles.
Panasonic software and artificial intelligence technology are also working to increase its presence. It was highlighted by the Arizona -based software company Blue Yonder’s billion billion dollars, which was finalized in 2021.
On Friday, Panasonic said it was expected to cost about $ 895 million for the current fiscal year. Panasonic said that its aim through its overhals to improve at least $ 1 billion profit.
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