News Today: Panasonic prepares for "garage sale", to axe 10,000 jobs

Started by philippines, November 14, 2012, 10:37:46 PM

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philippines

November 14, 2012, 10:37:46 PM
Panasonic prepares for "garage sale", to axe 10,000 jobs

KADOMA, Japan (Reuters) - About a fifth of Panasonic Corp's  88 business units are losing money and only half so far meet a target for at least 5 percent operating margin, the Japanese electronics group's finance chief said in an interview on Wednesday.

Source: Panasonic prepares for "garage sale", to axe 10,000 jobs
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