India, May 9 -- Japanese electronics major Panasonic Holdings Corp. (PCRFY.PK) announced Friday that it will target cutting about 10,000 jobs or 4 percent of its global workforce as part of its management reform in an effort to resolve its various structural issues, enhance operational efficiency and boost profitability.
The management reform is based on the "Outline of Panasonic Group Management Reform" released on February 4, 2025. This move will see 5,000 job cuts in Japan and 5,000 in overseas to enable the company to become a more efficient and lean company. This will be implemented by offering early retirement in Japan as well as closures and consolidation of various operations.
Panasonic said it will thoroughly review operational e...