Featured Articles

Nvidia Shield 2 shows up in AnTuTu

Nvidia Shield 2 shows up in AnTuTu

Nvidia’s original Shield console launched last summer to mixed reviews. It went on sale in the US and so far Nvidia…

More...
AMD CSO John Byrne talks ARM

AMD CSO John Byrne talks ARM

We had a chance to talk about AMD’s upcoming products with John Byrne, Chief Sales Officer, AMD. We covered a number…

More...
AMD Chief Sales Officer thinks GPU leadership is critical

AMD Chief Sales Officer thinks GPU leadership is critical

We had a chance to talk to John Byrne who spent the last two years as Senior Vice President and Chief…

More...
OpenPlus One $299 5.5-inch Full HD phone

OpenPlus One $299 5.5-inch Full HD phone

OnePlus is one of the few small companies that might disrupt the Android phone market, dominated by giant outfits like Samsung.…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 09 July 2012 14:48

Panasonic to commence restructuring

Written by Nedim Hadzic

panasonic

Time for change

Panasonic president Kazuhiro Tsuga has conceded that a lot of the company’s units are “undermining company-wide profitability” and announced shake ups.

Tsuga was appointed president only recently and his task will definitely not be an easy one. He has promised a restructuring outline plan by fall and a roadmap by February. He noted that the company may need to increase the amount of funds for restructuring to $516 million.

The company currently has some 330,000 workers, and although Tsuga said it’s a lot, he did not say how many will get the boot. The start of the restructuring is expected in October, when the company will sack or relocate most of the 7,000 workers in its headquarters, in order to bring the number of employees to several hundred.

Panasonic hasn’t had the best times as of late either, and lower than expected sales of TVs didn’t help. In the fiscal year ending with March 2012, Panasonic recorded a loss of almost $10 billion.

More here.


Last modified on Monday, 09 July 2012 21:11

Nedim Hadzic

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments