EMCC European Monitoring Centre on Change

Panasonic

Company/Organisation:
Panasonic

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 300000
Group: Matsushita Electric Industrial

Employment Effects

Announcement Date: 05-02-2009
Planned Job Reductions min: 15000
Planned Job Reductions max: 15000
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-03-2010

Additional Information

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.