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Panasonic (PC) will slash another 10,000 jobs by the end of the fiscal year ending in March,...
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Wednesday, November 14, 2012, 3:27 AM ETPanasonic (PC) will slash another 10,000 jobs by the end of the fiscal year ending in March, adding to the reduction of 36K employees last FY, CFO Hideaki Kawai tells Reuters. While the company expects to lose ¥10B this FY, it aims to make an operating profit of ¥200B ($2.52B) next FY. However, Panasonic probably won't meet its goal for an operating profit margin of 5% within three years.
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