{"id":38967,"date":"2013-05-30T08:17:07","date_gmt":"2013-05-30T06:17:07","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=38967"},"modified":"2013-05-30T08:23:04","modified_gmt":"2013-05-30T06:23:04","slug":"panasonic-to-cut-thousands-of-jobs","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/hardware\/38967\/panasonic-to-cut-thousands-of-jobs\/","title":{"rendered":"Panasonic to cut thousands of jobs"},"content":{"rendered":"

Panasonic Corp said it will cut around 5,000 workers from its automotive and industrial division in a bid to bolster its operating profit margin over the next three years to a 5 percent minimum set by the company’s president, Kazuhiko Tsuga.<\/p>\n

The division, which covers automotive components, semiconductors, production machinery and other devices, employs 110,000 people, around a third of Panasonic’s workforce. The business is at the forefront of Tsuga’s strategy to shift Panasonic away from consumer electronics to building gadgets and machinery it sells to other companies.<\/p>\n

“A reduction in labor costs will be a big part of our plan to improve profitability,” Yoshihiko Yamada, the head of the automotive and industrial division said during a presentation to analysts and investors in Tokyo.<\/p>\n

More Panasonic news<\/h3>\n

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Panasonic pegs $2.7 billion restructure<\/a><\/strong><\/p>\n

Panasonic to drop plasma TVs?<\/a><\/strong><\/p>\n

Who is the world\u2019s largest display maker?<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Panasonic Corp said it will cut around 5,000 workers from its automotive and industrial division in a bid to bolster its operating profit margin over the next three years to a 5 percent minimum set by the company’s president, Kazuhiko Tsuga.<\/p>\n","protected":false},"author":7,"featured_media":8839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[25,2949,479],"class_list":["post-38967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware","tag-active","tag-job-cuts","tag-panasonic"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/38967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=38967"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/38967\/revisions"}],"predecessor-version":[{"id":38990,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/38967\/revisions\/38990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/8839"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=38967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=38967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=38967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}