Panasonic prepares for ‘garage sale’, to cut 10,000 jobs
Our new boss has said businesses must achieve at least a 5% operating profit target within three years, Kawai said, referring to Kazuhiro Tsuga, who took over as company president in June. But we won’t wait that long to tackle units that need to be dealt with. Sell-offs and business closures will start as early as next year, he told Reuters.
Kawai said Panasonic aims to earn group operating profit of at least 200 billion yen ($2.52 billion) in the year to end-March 2014 — in line with forecasts by analysts polled by Thomson Reuters StarMine.
Be the first to comment.