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<blockquote data-quote="texan" data-source="post: 1055102" data-attributes="member: 38206"><p><strong>Panasonic prepares for 'garage sale', to axe 10,000 jobs</strong></p><p><strong></strong></p><p><strong>KADOMA, Japan (Reuters) - About a fifth of Panasonic Corp's <6758.T> 88 business units are losing money and</strong></p><p> <strong>only half so far meet a target for at least 5 percent operating margin, the Japanese electronics group's</strong></p><p> <strong>finance chief said in an interview on Wednesday.</strong></p><p><strong></strong></p><p><strong>Hideaki Kawai said the country's biggest commercial employer will axe another 10,000 jobs by end-March</strong></p><p> <strong>as it pares its costs and looks to return to profit. Panasonic shed 36,000 jobs last business year, some through</strong></p><p> <strong>the sale of businesses.</strong></p><p><strong></strong></p></blockquote><p></p>
[QUOTE="texan, post: 1055102, member: 38206"] [B]Panasonic prepares for 'garage sale', to axe 10,000 jobs KADOMA, Japan (Reuters) - About a fifth of Panasonic Corp's <6758.T> 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. Hideaki Kawai said the country's biggest commercial employer will axe another 10,000 jobs by end-March as it pares its costs and looks to return to profit. Panasonic shed 36,000 jobs last business year, some through the sale of businesses. [/B] [/QUOTE]
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