Panasonic to put workforce on diet

Panasonic, which employs around 380'000 staff worldwide, is planning job cuts in an attempt to reduce costs as competition gets fiercer, reports Reuters (cited an undisclosed source). The layoffs are said to be scheduled over the next 2 years. Operations outside Japan - in overlapping businesses - are reportedly being targeted with the measure. Here specifically units that manufacture rechargeable batteries, electronic components, lighting and solar panels were named in the Reuters report.