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Panasonic set to cut 15,000 jobs
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Written by Danrok   
Wednesday, 04 February 2009 10:07

From the BBC:

Japanese electronics group Panasonic is to cut 15,000 jobs and close 27 plants worldwide as it seeks to reduce costs.

The world's largest maker of plasma TVs said it expected a net loss of 380bn yen ($4.2bn, £2.9bn) for the financial year to 31 March.

The company has been hit by a stronger yen and falling sales amid the global economic downturn.

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