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Panasonic to Cut 15,000 Jobs

Posted on Wednesday, February 04th, 2009 at 10:23am

Panasonic are planning to slash 15,000 jobs and close 27 of their plants all over the world to try and save on costs. The firm have said that they expect a net loss of £2.9bn this financial year since being hit by the credit crunch.

The job cuts represent about 5% of the firm's workforce and will be done by the end of March 2010 - half being planned to take place in Japan and the other half abroad.

And they aren\'t the only Japanese technology company which have announced cuts. There's also:

  • NEC - 20,000 jobs
  • Hitachi - 7,000 jobs
  • Sony - 16,000 jobs

Seems very few people are safe at the moment!

This entry was posted on Wednesday, February 4th, 2009 at 10:23 am and is filed under Employment.