How many employees may be fired by Panasonic layoffs?
The news is that around 15000 employees will be asked to leave their jobs at Panasonic. The layoffs will be done globally.
How many employees does Panasonic have?
The total no. of employees at Panasonic is not known as of now.
Any plants or locations being closed by Panasonic?
Panasonic will close down 14 plants overseas, and 13 in Japan over the coming year.
Which locations will be affected by the Panasonic Layoffs?
Location wise job cut details are not available as of now. It is learnt that the job cuts by Panasonic will be on a global basis.
Which segment of employees will be affected by the Panasonic layoffs
It is learnt that the Plasma TV plants may be closed by the company and hence the employees belonging to this segment will be affected.
How much savings can be made by Panasonic Layoffs?
No information is available about the savings to be made
When will the Panasonic layoffs happen
They will be done as soon as possible.
Any severance package for the affected employees?
No info available.
What are the primary reasons of Panasonic Layoffs
The business is declining due to slow sales and the strengthening of the Japanese currency, the yen, which has made Japanese goods less competitive overseas.
Any other news about Panasonic?
As per AlJazeera, The Osaka-based company forecast on Wednesday that it would shed about five per cent of its workforce and register a loss of $4.2bn for the fiscal year ending in March.
"The company's business conditions have worsened particularly since last October, due mainly to the rapid appreciation of the yen, sluggish consumer spending worldwide and ever-intensified price competition," it said in a statement.
Let's hope that alternative jobs are available to the affected employees of Panasonic Layoffs Job Cut.
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