The company has announced plans to improve profitability by reviewing underperforming businesses, including consumer electronics, and cutting around 10,000 jobs globally.
According to sources, Panasonic—which manages key businesses such as consumer appliances and employs about 40% of the group’s workforce—will open applications for early retirement from October 1st for a one-month period.
Eligible employees are those between 40 and 59 years old with at least five years of service. Retirement benefits will be supplemented based on age and other factors.
The company aims to complete the workforce reduction by the end of December.
https://newsonjapan.com/article/147028.php
