Japan-Panasonic/Layoffs
Beijing, China - May 10, 2025 (CCTV - No access Chinese mainland)
1. Screenshots of statement by Panasonic
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
2. Aerial shot of Panasonic plant
3. Various of workers, production line
FILE: Beijing, China - 2020 (CCTV - No access Chinese mainland)
4. Sign of Panasonic
5. Various of employees at work
FILE: Shanghai, China - Date Unknown (CCTV - No access Chinese mainland)
6. Sign for Panasonic home appliances
7. Washing machines for sale
Japanese electronics giant Panasonic Holdings announced on Friday that it plans to lay off 10,000 jobs in 2025, with half of the cuts in Japan and half overseas.
The move is part of the company's management reform aimed at responding to the dramatic changes in the global business environment, it said.
In addition to workforce reductions, Panasonic also plans to withdraw or shut down loss-making businesses, and streamline and consolidate indirect functions.
According to its fiscal 2024 earnings report released the same day, Panasonic reported a revenue of 8.46 trillion yen (about 54 billion U.S. dollars), down 0.5 percent from the previous fiscal year, while its net profit dropped 17.5 percent year on year to 366.2 billion yen (about 2.53 billion U.S. dollars).
Japan-Panasonic/Layoffs
Dateline : May 9/10, 2025/File
Location : Japan
Duration : 1'01
Beijing, China - May 10, 2025 (CCTV - No access Chinese mainland)
1. Screenshots of statement by Panasonic
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
2. Aerial shot of Panasonic plant
3. Various of workers, production line
FILE: Beijing, China - 2020 (CCTV - No access Chinese mainland)
4. Sign of Panasonic
5. Various of employees at work
FILE: Shanghai, China - Date Unknown (CCTV - No access Chinese mainland)
6. Sign for Panasonic home appliances
7. Washing machines for sale
Japanese electronics giant Panasonic Holdings announced on Friday that it plans to lay off 10,000 jobs in 2025, with half of the cuts in Japan and half overseas.
The move is part of the company's management reform aimed at responding to the dramatic changes in the global business environment, it said.
In addition to workforce reductions, Panasonic also plans to withdraw or shut down loss-making businesses, and streamline and consolidate indirect functions.
According to its fiscal 2024 earnings report released the same day, Panasonic reported a revenue of 8.46 trillion yen (about 54 billion U.S. dollars), down 0.5 percent from the previous fiscal year, while its net profit dropped 17.5 percent year on year to 366.2 billion yen (about 2.53 billion U.S. dollars).
ID : 8427609
Published : 2025-05-10 18:07
Last Modified : 2025-05-10 21:12:59
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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