More bad economic news

Dantheman62 · 02-04-2009, 02:15 PM

Japan's Panasonic to cut 15,000 jobs, shut plants

TOKYO – Panasonic Corp. said Wednesday it will slash as many as 15,000 jobs and shut 27 plants worldwide, joining a slew of major Japanese companies announcing deep cuts as the global slowdown batters the world's second-largest economy.

The world's largest maker of plasma display TVs also announced a net loss for the October-December quarter and lowered its forecast for the fiscal year through March to a net loss of 380 billion yen ($4.2 billion), its first annual loss in six years.

http://news.yahoo.com/s/ap/20090204/...arns_panasonic

02-04-2009, 02:15 PM	#26
Dantheman62 Avalon Senior Member Join Date: Sep 2008 Location: So. Cal. U.S. Posts: 4,205	Re: More bad economic news Japan's Panasonic to cut 15,000 jobs, shut plants TOKYO – Panasonic Corp. said Wednesday it will slash as many as 15,000 jobs and shut 27 plants worldwide, joining a slew of major Japanese companies announcing deep cuts as the global slowdown batters the world's second-largest economy. The world's largest maker of plasma display TVs also announced a net loss for the October-December quarter and lowered its forecast for the fiscal year through March to a net loss of 380 billion yen ($4.2 billion), its first annual loss in six years. http://news.yahoo.com/s/ap/20090204/...arns_panasonic