Panasonic to cut 1/3 of Business Units

Started Feb 19, 2013 | Discussions thread
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justmeMN
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Panasonic to cut 1/3 of Business Units
Feb 19, 2013

Feb 13, 2013

"Next month, the head of the company that lost more than 1.3 trillion yen ($14.1 billion) since April 2011 will explain which products he wants consigned to Panasonic’s past. He plans to cut the number of business units by a third to focus on those offering the best profit margins, such as little-known operations like beauty appliances and welding machinery, rather than relying on lower-margin products like TVs and cell phones."

http://www.bloomberg.com/news/2013-02-12/panasonic-ceo-attacks-sprawl-in-bid-for-profit-tech.html

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