Panasonic announces job cuts 10,000

Panasonic Holdings, the electronics industry company, reduces 10,000 jobs from the workforce.

the Japan -based company It announced the reduction of jobs on Friday as part of a wider effort to increase its profit forward.

Of the 10,000 employees are scheduled to lose their jobs, the half will be workers in Japan, according to Panasonic. The other 5000 will be in other countries.

The company said: “With regard to the reform of the administration, towards the transition to an institution in which individual employees create higher productivity, the company will review the operational efficiency completely in each group company, especially in sales and indirect, and re -evaluating the numbers of organizations and employees actually necessary.” “In addition, the company will promote the termination of the loss companies without any possibilities to improve profit, as well as integrate and close sites.”

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the Job discounts It is expected in the fiscal year of the company 2026.

Panasonic said that the comprehensive “structural reform” that it pledges will include “unifying and simplifying indirect jobs and operations, in addition to choosing and focusing technology projects, etc.” at its headquarters.

The company said that in its consumer electronic business, it also seeks to improve profitability by unifying some departments and “building standard global cost capabilities.”

Panasonic will simplify information technology investments as part of restructuring as well.

Through the various measures implemented by Panasonic, the electronics maker said he expects to see an improvement of 150 billion yen ($ 1 billion) in profit at least. Job discounts will bring 70 billion yen ($ 483 million), according to the company.

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“Structural Reform Costs” will face 130 billion yen of restructuring in the fiscal year 2026.

Panasonic said that this took into account her expectations for that year, but he indicated that “it may change depending on the number of employees participating in the final improvement and other factors.”

the Electronics maker He said that he expected net sales of 7.8 trillion yen and a net profit of 310 billion yen in the fiscal year 2026.

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Panasonic’s announcement of the planned job cuts came on the same day it released Its financial results For the fiscal year 2025.

The company created 8.46 trillion yen in net sales during the 12 -month period, a decrease of approximately 0.5 % from the previous year. Meanwhile, its annual net profit narrowed to the shareholders 366.2 billion yen.