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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: Sanyo

Sanyo stories: 2 news summaries

 Panasonic Cuts 15,000 Jobs 

Company cuts 15,000 jobs, closes 27 plants as it restructures

Feb 4, 09 6:47 AM CST
(Newser) - A strong yen and softening consumer demand is prompting Panasonic to cut 15,000 jobs, close 27 plants, and restructure as it struggles to withstand burgeoning losses, reports the Wall Street Journal. The electronics company last quarter posted a $707.2 million net loss, and experts expect the downward trend... More »

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layoffs • Sony • yen • Panasonic • Hitachi • Sanyo

(AP) - Panasonic has begun a $9 billion takeover of Japanese rival Sanyo, hoping that transforming into one of the world's biggest electronics companies will help it weather the toughest business conditions in a century. Top shareholders, including Goldman Sachs, had been haggling over the price with Panasonic since last month, but... More »

MORE ABOUT:
Japan • merger • Panasonic • consumer electronics • Sanyo

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